CIPP QuickPoll: Returning to work after the coronavirus crisis 5 May 2020
Following the publication of a number of reports, including one from the BBC, that confirm that the government is planning to consider taking steps to allow workplaces to reopen, the CIPP wanted to ask its members what they believe the main associated challenges will be.
If you have a moment to spare, please answer the Quick Poll, which can be found on the CIPP’s News Online page.
It is believed that businesses will be required to implement additional hygiene measures when bringing their employees back to work, including the use of physical screens and protective equipment in cases where keeping a distance of two metres between workers is not possible. In addition to this, it is thought that hot-desking will be reduced to stop the spread of coronavirus. Businesses may also be asked to minimise the number of staff using equipment, and to stagger working hours and break times to ensure that staff are not in close proximity to one another. Anybody who can work from home should still be encouraged to do so. The Prime Minister, Boris Johnson is set to reveal a “roadmap” out of lockdown on Sunday 10 May 2020, and employers eagerly anticipate the information that could mean that they can adopt a phased approach to returning to some form of normality.
The guidance applies to the whole of the UK, but devolved governments have the option to make their own decisions about the best way to get businesses reopened, and their staff back to work.
Please don’t miss the opportunity to feed into research, and respond to the Quick Poll today.
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Guidance on how HMRC will make calculations for grants from the Self- employment Income Support Scheme 6 May 2020
HMRC has issued guidance on how it will calculate the trading profits and non-trading income for those who are self- employed or a member of a partnership, and have been negatively impacted by the outbreak of coronavirus.
HMRC will assess eligibility for the grant from the Self-employment Income Support Scheme (SEISS) based on an individual’s trading profits and non-trading income, as confirmed on Self-Assessment tax returns.
Trading Profits
This is shown within a tax calculation as either profits from self-employment or partnerships.
HMRC will calculate trading profit after deducting any allowable expenses, including expenses, capital allowances or flat rate expenses.
If an individual’s gross trading income, from one or more trades or businesses exceeds £1,000, then the tax-free allowances can be used, as opposed to deducting any expenses or other allowances.
HMRC will calculate an individual’s share of a partnership’s trading profits by deducting anything that is non-trading income from all partnership income. HMRC will not deduct any losses brought forward from previous years or an individual’s personal allowance from their trading profits.
Profits from self-employment
HMRC will calculate trading profit after allowable business expenses by combining any losses brought forward from previous years with the amount shown on an individual’s tax return as ‘total taxable profits from this business.’
The Chartered Institute of Payroll Professionals
Payroll: need to know
cipp.org.uk
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