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New Starter Checklist R&D Tax Relief
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Deutschland Sverige Nederland

Summer statement

July 10th, 2020 Posted by Accountancy 0 thoughts on “Summer statement”

The chancellor Rishi Sunak has announced new measures to support business and employment as a result of Covid-19 impact. We will keep you updated as further details are announced, but please find a summary below:-

Furlough job retention

  • UK Employers will receive a one-off bonus of £1,000 for each furloughed employee who is still employed as of 31 January 2021.

 

KickStart Scheme

  • A new £2 billion Kickstart Scheme will also be launched to create hundreds of thousands of new, fully subsidised jobs for young people across the country.
  • Those aged 16-24, claiming Universal Credit and at risk of long-term unemployment, will be eligible.
  • Funding available for each six-month job placement will cover 100% of the National Minimum Wage for 25 hours a week – and employers will be able to top this wage up.

 

Additional employment

  • Businesses will be given £2,000 for each new apprentice they hire under the age of 25.

This is in addition to the existing £1,000 payment the Government already provides for new 16-18-year-old apprentices and those aged under 25 with an Education, Health and Care Plan.

  • Where hiring apprentices aged 25 and over, business will receive a payment of £1,500.

 

Tourism and Hospitality sector

 

We are hiring!

Summer statement

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