News & Events | WDM - Part 7

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Furlough scheme extended and changed for new lockdown November 11, 2020

The Coronavirus Job Retention Scheme (CJRS) has been extended until December, with furloughed employees set to receive 80% of their salary for hours not worked and businesses asked only to cover national insurance and employer pension contributions. On 31 October Prime Minister Boris Johnson announced a new national lockdown for England that will run from
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Government launches new coronavirus fraud hotline November 11, 2020

The government has launched a new coronavirus (COVID-19) fraud hotline in conjunction with independent charity Crimestoppers. Members of the public can now call the new fraud hotline anonymously and free of charge to report suspected fraudulent activity in regard to COVID-19 loans and grants. The government stated that a minority of individuals have been abusing
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Over 54,000 workers claim home working tax relief using online portal November 11, 2020

HMRC has received over 54,800 claims from customers using a new online portal that allows employees to claim tax relief for working at home. The portal, which was launched on 1 October, has been set up to process tax relief on additional expenses for employed workers who have been told to work from home by
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Tax rises ‘inevitable’, says IFS November 11, 2020

The Institute for Fiscal Studies (IFS) has suggested that the UK will require tax rises of £40 billion or more per year during the middle years of this decade to stop debt spiralling upwards as a result of the coronavirus (COVID-19) pandemic. According to new research from the IFS, government borrowing this year will reach a
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Government to proceed with plans to create freeports across UK October 20, 2020

The government has confirmed that it will create new freeports across the UK in 2021. The Treasury has outlined the next steps for the creation of freeports, which it hopes will drive investment and create jobs after the end of the Brexit transition period. Sea, air and rail ports in England will be invited to
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