A round up of other news this week.
Employers who used HMRC’s Job Retention Scheme calculator prior to 21 January 2021 to calculate January 2021 Coronavirus Job Retention Scheme (CJRS) claims for variable rate employees should re-run those calculations where:
This is due to an error in HMRC’s calculator which has now been corrected. Employers who, on recalculating relevant claims, find they have claimed too much should repay the excess by reducing a subsequent claim or, where no further claims will be made, by direct repayment to HMRC. Employers who have underclaimed as a result of this error will have until 1 March 2021 to correct. For more information on the CJRS see our Employer Q&A.
The Department for Business, Energy and Industrial Strategy (BEIS) has opened a consultation on the design for a new UK domestic subsidy control regime following the end of the Brexit transition period (replacing the previous EU State aid Regulations). The consultation sets out the Government’s proposed approach for such a regime as well as the main elements of a subsidy control regime including the definition of subsidy, the seven principles that public authorities will have to respect when designing their subsidies and the categories of subsidies that will be exempt from certain obligations of the regime or out of scope entirely. The consultation runs until 31 March 2021.
Further to the publication of a scoping document and call for evidence, the Office of Tax Simplification (OTS) has now published an online survey for individuals to complete on the use of third-party data such as bank interest and pension contributions by HMRC to pre-populate Self-Assessment returns.
The online survey closes on 9 April 2021.
The UK and its devolved governments have not made the COVID-19 vaccine mandatory. Therefore, it would be risky for employers to insist that employees be vaccinated. Nonetheless, there may be limited circumstances where asking employees to be vaccinated as a condition of their employment would be categorised as a ‘reasonable instruction’ (e.g. if there is a business requirement to travel overseas or work with vulnerable people). In this article, Donna Sharp, Partner in KPMG Law, KPMG in the UK, discusses the key risks to employers of implementing a mandatory vaccination requirement.
Whether you are already certified or just exploring B Corp status, how you reward employees is important. The B Corp certification evaluates the overall positive impact of a company across a number of assessment criteria. It’s gaining in popularity as environmental, social and governance (ESG) aspects are increasingly prominent, not just in regulatory matters but in the preferences of consumers and employee talent pool. Liz Hunter, Director of Equity Reward, People Services, Tax, KPMG in the UK discusses this subject further.
The BRC-KPMG Retail Sales Monitor for January has recently been published. For the first time since spring 2020, retail sales saw a total monthly sales decline and even the on-going demand for groceries and home-related categories was not enough to halt the fall, whereas computing saw triple figure growth online as schools closed and parents rushed to purchase laptops and printers.
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