Here is a useful summary of the key dates for the Govt COVID support schemes. This handy guide includes dates when the rules change back, when claims must be submitted by and when the payments of any deferred tax become due. 29 June 2020
Welsh businesses can submit applications for support under Welsh Government’s economic resilience fund.
30 June 2020
End date for the Furlough periods qualifying for the first Coronavirus Job Retention Scheme (CJRS v1) . After June 30th any continuing furlough periods must be seperated into new claims for days in the calendar months - from July to October.
VAT payment holiday ends, all VAT due after this date has to be paid on the due dates unless you have agreed on a time to pay agreement with HMRC.
Welsh businesses need to apply for non-domestic rates grant by 5pm
1 July 2020
Revised furlough scheme (CJRS v 2) comes into effect, but this is only valid for employees that have already completed at least a 21-day period on furlough. There is therefor a cap on the total number of employees that can be included in this new claim which is equal to the maximum number included in your CJRS v 1 claim.
The CJRS v2 will only cover 80% of the employee’s wages for these periods on furlough, plus the employer’s NIC and employer’s minimum pension contributions due.
6 July 2020
Forms P11D and P11D(b) for 2019/20 must be submitted to HMRC on this date, with a copy supplied to employees.
Annual returns for reporting events relating to all employee share schemes in 2019/20 must be submitted through ERS (ITEPA 2003, s 421J).
13 July 2020
Any applications for the Self-employed Income Support Scheme (SEISS v 1) grant have to be submitted to HMRC by this date at latest.
14 July 2020
The 2nd SEISS grant (SEISS v2) requires claimants to confirm that their business was adversely affected by the coronavirus on or after this date. Claims portal for SEISS v2 will open in August.
31 July 2020
CJRS v1 claims for furlough periods up to and including 30 June 2020 must be submitted to HMRC by this date.
The 2019/20 second self-assessment payment of income tax and Class 4 NIC is normally due by this date, but all these payments have been automatically deferred. Taxpayers may pay the tax and NIC due by this date if they wish but if the tax is deferred it is now due by 31 January 2021.
1 August 2020
Furloughed employees will continue to receive 80% of their usual wages, up to £2,500 per month funded by the CJRS v2. However from this date, employers must pay the employer’s class 1 NIC and the employer’s minimum pension contributions into a workplace pension in respect of all wages which now includes furlough wages.
31 August 2020
Furlough periods for August finishes on this date.
1 September 2020
Employees should still receive 80% of their usual wages for periods on furlough, but the CJRS v 2 will now only fund 70% of the usual wages up to £2187.50 per month. Employers will now have to pay the employer’s class 1 NIC and the employer’s minimum workplace pension contributions in respect of all wages paid to the employee including furlough wages.
30 September 2020
Furloughed periods for September 2020 finishes on this date.
1 October 2020
Employees continue to receive 80% of their usual wages for periods on furlough, but the CJRS v 2 will only fund 60% of the usual wages up to £1,875 per month. Employers will have to pay the employer’s class 1 NIC and the employer’s minimum workplace pension contributions in respect of all wages paid to the employees, including furlough wages.
31 October 2020
All furlough periods NOW end for all employees.
30 November 2020
Final CJRS v2 claims for any furloughed employees must now be submitted to HMRC by this date.
31 January 2021
Electronic self-assessment 2019/20 personal tax returns, and any tax returns excluded from online filing for 2019/20, must be filed by this date.
All outstanding self-assessment income tax and class 4 NIC for 2019/ including the POA deferred from 31 July 2020, must be paid. The first POA for 2020/21 must also be paid by this date, calculated as half the 2019/20 liability. Any capital gains tax due for 2019/20 must be paid.
1 March 2021
Domestic reverse charge for VAT relating to certain construction services comes into effect. This commencement was postponed from 1 October 2020 due to the coronavirus pandemic.
31 March 2021
VAT deferred from March to June 2020 must be paid by this date.