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COVID-19

STATUTORY SICK PAY PAID TO EMPLOYEES DUE TO COVID-19

Tuesday, May 19, 2020

The online service you’ll use to reclaim Statutory Sick Pay (SSP) will be available from 26 May 2020. The Coronavirus Statutory Sick Pay Rebate Scheme will repay employers the SSP paid to current or former employees. The repayment will cover up to 2... Read More

FURLOUGH SCHEME EXTENDED TO 31 OCTOBER 2020

Tuesday, May 12, 2020

  The Chancellor, Rishi Sunak has today (12 May 2020) announced significant changes to the Coronavirus Job Retention Scheme, now commonly referred to as the furlough scheme. The scheme had been due to run until at least 30 June 2020.... Read More

SELF-EMPLOYMENT INCOME SUPPORT SCHEME - UPDATE 05/05/2020

Tuesday, May 5, 2020

Accountants can’t claim for clients   Today on 4th May HMRC have announced that the Self-employed cannot ask their Accountant to make the claim on their behalf.   To make the claim the client has to have a government gateway account full... Read More

SELF-EMPLOYMENT INCOME SUPPORT SCHEME - UPDATE 04/05/2020

Monday, May 4, 2020

The scheme will allow you to claim a taxable grant of 80% of your average monthly trading profits, paid out in a single instalment covering 3 months, and capped at £7,500 altogether. This is a temporary scheme, but it may be extended. If you receive... Read More

CORONAVIRUS BOUNCE BACK LOAN

Monday, May 4, 2020

This scheme helps small and medium-sized businesses affected by coronavirus (COVID-19) to access loans of up to £50,000. Published 27 April 2020 Last updated 4 May 2020 — see all updates From: Department for Business, Energy &... Read More

NEWSLETTER 04/2020

Monday, April 27, 2020

NEWSLETTER   Monday, 27 April 2020 Welcome to this month's newsletter,   Even the Budget from 11 March was like an annex to a Coronavirus survival guide and included clarification on a number of issues... Read More

CORONAVIRUS JOB RETENTION SCHEME - GOES LIVE

Monday, April 20, 2020

Contents Who can claim Employees you can claim for Payroll consolidation Agreeing to furlough employees Before you claim When your employees are on furlough If you cannot maintain your current workforce because your operations have been severely... Read More

CHANGES TO CORONAVIRUS BUSINESS INTERRUPTION LOAN SCHEME

Friday, April 3, 2020

Changes announced to Coronavirus Business Interruption Loan Scheme   Many small businesses that have applied for a government backed CBILS loan thus far have been offered standard overdrafts and loans – without the Government’s 80%... Read More

SELF-EMPLOYMENT INCOME SUPPORT SCHEME

Thursday, March 26, 2020

Use this scheme if you're self-employed or a member of a partnership and have lost income due to coronavirus. Published 26 March 2020 This scheme will allow you to claim a taxable grant worth 80% of your trading profits up to a maximum of £2,500 per... Read More

INFORMATION FOR BUSINESSES AND EMPLOYERS

Monday, March 23, 2020

The Chancellor has set out a package of temporary, timely and targeted measures to support public services, people and businesses through this period of disruption caused by COVID-19. This includes a package of measures to support businesses including:... Read More

CORONAVIRUS JOB RETENTION SCHEME

Monday, March 23, 2020

Support for businesses through the Coronavirus Job Retention Scheme Under the Coronavirus Job Retention Scheme, all UK employers with a PAYE scheme will be able to access support to continue paying part of their employees’ salary for those... Read More

DEFERRING VAT AND INCOME TAX PAYMENTS

Monday, March 23, 2020

Businesses will be supported by deferring Valued Added Tax (VAT) payments for 3 months. Income Tax payments due in July 2020 under the Self-Assessment system may be deferred until January 2021. VAT For VAT, the deferral will apply from 20 March 2020... Read More

STATUTORY SICK PAY RELIEF PACKAGE

Monday, March 23, 2020

Legislation will be brought forward to allow small-and medium-sized businesses and employers to reclaim Statutory Sick Pay (SSP) paid for sickness absence due to COVID-19. The eligibility criteria for the scheme will be as follows: this refund will cover... Read More

BUSINESS RATES HOLIDAY

Monday, March 23, 2020

Business rates holiday for retail, hospitality and leisure businesses The UK Government will introduce a business rates holiday for retail, hospitality and leisure businesses in England for the 2020 to 2021 tax year. Businesses that received the retail... Read More

GRANT FUNDING

Monday, March 23, 2020

Cash grants for retail, hospitality and leisure businesses The Retail and Hospitality Grant Scheme provides businesses in the retail, hospitality and leisure sectors with a cash grant of up to £25,000 per property. Businesses in these sectors with a... Read More

BUSINESS INTERRUPTION LOAN

Monday, March 23, 2020

The temporary Coronavirus Business Interruption Loan Scheme supports SMEs with access to loans, overdrafts, invoice finance and asset finance of up to £5 million and for up to 6 years. The government will also make a Business Interruption... Read More

COVID-19 CORPORATE FINANCING

Monday, March 23, 2020

Support for larger firms through the COVID-19 Corporate Financing Facility Under the new Covid-19 Corporate Financing Facility, the Bank of England will buy short term debt from larger companies. This will support your company if it has been affected by a... Read More

HMRC TIME TO PAY SCHEME

Monday, March 23, 2020

Support for businesses paying tax: Time to Pay service All businesses and self-employed people in financial distress, and with outstanding tax liabilities, may be eligible to receive support with their tax affairs through HMRC’s Time To Pay service.... Read More