PAYE & SI
PAYE & SI for January (payable mid-February)
Businesses ordered to close by HMGoG:
PAYE waiver (up to £1,155) and SI waiver in full – this is to be deducted by the business from payroll but it can be retained by the business (as was the case for BEAT 1.0). If a business that has been ordered to close decides to pay its employee a top-up (ie. an amount over £1,155, then this top-up would be subject to taxation)
Businesses NOT ordered to close by HMGoG:
PAYE and SI payable in full as normal
BEAT payments
1) If your business has received BEAT 4.0 previously (being 30% in December 2020) AND they have not been ordered to close by HM Government of Gibraltar, then the business will automatically receive an increase in the January BEAT payment from 30% to 40% – does not require further action from the business.
2) If your business has received BEAT previously (between April and November 2020) but they did not confirm participation for BEAT 4.0 in December 2020 AND they have not been ordered to close by HM Government of Gibraltar, then the business will need to notify the HMGoG that they want to participate in BEAT 4.0 for January 2021 and if they do so, they will receive an increased January BEAT payment from 30% to 40% (and the BEAT grant payments for February and March 2021)- requires confirmation email from business as they did not confirm participation in December 2021 when HMGoG last wrote to them.
3) If your business has not received BEAT previously, they would have had to have made an application by submitting a BEAT 5.0 form. Businesses that are excluded from BEAT (and are not able to claim BEAT even if they are a new business) are those listed on the right hand side of the table at Annex 1 (Excluded Sectors for BEAT measure only). Please see 20.04.21 BEAT COVID19 updated guidelines.
Businesses that are participating in the BEAT scheme will receive the following percentages based on the average payment that they received in April and May 2020:
a) 30% to be paid for April 2021
b) 20% to be paid for May 2021; and
c) a final payment of 10% to be paid for June 2021.