News

Key dates for Coronavirus support schemes
30 June 2020

With numerous Government schemes open to businesses and individuals to help deal with the impact of the Coronavirus outbreak, there are dozens of key dates to be aware of in the coming months, including:

30 June 2020

End date of the VAT deferral scheme. VAT Payments after this date must be paid as usual, while deferred payments must be made by 31 March 2021.

1 July 2020

Flexible furlough arrangements become available for employers of employees who have previously completed a 21-day period of furlough.

6 July 2020

P11D and P11D(b) deadline for 2019/20.

13 July 2020

Closing date for the first round of the Self-Employment Income Support Scheme (SEISS).

14 July 2020

Claims open for second round of the Self-Employment Income Support Scheme (SEISS).

31 July 2020

Deadline for the submission of Coronavirus Job Retention Scheme (CJRS) claims for period of furlough up to 30 June 2020.

Usual due-date for Self-Assessment payment on account for 2019/20 Income Tax and Class 4 National Insurance Contributions (NICs). However, this is subject to an automatic deferral and you can delay your payment up until 31 January 2021.

1 August 2020

Grants from the CJRS cease to cover employer NICs and minimum automatic enrolment pension contributions.

1 September 2020

Grants from the CJRS taper down to 70 per cent of a furloughed employee’s usual wages up to £2,187.50 a month, with the employer required to contribute another 10 per cent, so that furloughed employees continue to receive 80 per cent of their usual wages.

1 October 2020

Grants from the CJRS taper down to 60 per cent of a furloughed employee’s usual wages up to £1,875 a month, with the employer required to contribute another 20 per cent, so that furloughed employees continue to receive 80 per cent of their usual wages.

31 October 2020

CJRS closes. Employees can no longer be furloughed after this date.

30 November 2020

Last date for making claims for the CJRS.

31 January 2021

Deadline for Self-Assessment payments on account deferred from 31 July 2020.

31 March 2021

Deadline for payments of VAT payments deferred between March and June 2020.

We have also prepared a PDF booklet of Government support timeframes to help clarify the support available at any point in time over the coming months.