I just applied and received one for the company I work for. You don't have to prove your turnover at all. You just say what it is and confirm that the loan you are applying for is no more than 25% of your turnover. I couldn't believe it. They don't seem to be doing any checks at all so you can just make up a figure and get 25% of that figure up to the £50k.
Exactly. It makes me wonder if the people writing the legislation know how most people run their payrolls.
They raised peoples' hopes yesterday and now payroll departments are going to have to explain why they didn't send an RTI return for them before 19/3. Employees aren't going to know that employers wouldn't send an RTI return until around pay day for monthly paid employees.
I know everything is changing day to day , but I am sure that I heard on the radio that there is no problem with an employer waiting until they receive the grant to pay their employees. Obviously, it will cause the employees hardship so the employer shouldn't do it if they have a way of paying immediately.
"you can't access Sage using Sage Drive in 2 locations with a single user licence. "
Surely that is the whole point of Sage Drive? It allows 2 people to access the data at different times. When I was setting it up, I asked if I would be able to access my work data at home using Sage Drive and was told I could.
Sage told me that you can use Sage Essentials on 2 machines as long as you don't use them concurrently. I did this in my last job. You just need to restore a backup from the other computer.
Otherwise, he can use SageDrive (I know it is cumbersome to use) if he doesn't want to keep restoring backups.
He could also use something like TeamViewer to access his work computer.
My answers
Yes, I use Moneysoft too.
I just rang the number for the SLC that HMRC gave me (0300 1000611) but they are not accepting calls due to Covid.
I think I will just wait and hopefully HMRC will send a correction notice.
https://www.lovemoney.com/news/65037/pension-lump-sum-withdrawal-emergen...
This might help
Yes exactly, but the Government should care and should ensure that checks are done.
Yet again, a government initiative is open to abuse and they seem to be totally oblivious to it.
I just applied and received one for the company I work for. You don't have to prove your turnover at all. You just say what it is and confirm that the loan you are applying for is no more than 25% of your turnover. I couldn't believe it. They don't seem to be doing any checks at all so you can just make up a figure and get 25% of that figure up to the £50k.
Exactly. It makes me wonder if the people writing the legislation know how most people run their payrolls.
They raised peoples' hopes yesterday and now payroll departments are going to have to explain why they didn't send an RTI return for them before 19/3. Employees aren't going to know that employers wouldn't send an RTI return until around pay day for monthly paid employees.
I know everything is changing day to day , but I am sure that I heard on the radio that there is no problem with an employer waiting until they receive the grant to pay their employees. Obviously, it will cause the employees hardship so the employer shouldn't do it if they have a way of paying immediately.
I don't understand what you mean by:
"you can't access Sage using Sage Drive in 2 locations with a single user licence. "
Surely that is the whole point of Sage Drive? It allows 2 people to access the data at different times. When I was setting it up, I asked if I would be able to access my work data at home using Sage Drive and was told I could.
Sage told me that you can use Sage Essentials on 2 machines as long as you don't use them concurrently. I did this in my last job. You just need to restore a backup from the other computer.
Otherwise, he can use SageDrive (I know it is cumbersome to use) if he doesn't want to keep restoring backups.
He could also use something like TeamViewer to access his work computer.
Microsoft Teams allows you to share screens