Plans have been announced by the government to help high growth companies navigate the challenges posed by COVID-19. This is in the shape of the Future Fund. We are still awaiting key details of this support but have outlined in this article what we now understand and...
The Self-employed Income Support Scheme will allow you to claim a taxable grant worth 80% of your trading profits up to a maximum of £2,500 per month. This scheme is available for three months, but this may be extended. Who Is The Scheme Designed For? This scheme...
As businesses across the country work extremely hard to get to grips with the government support available. It’s now been announced that high street shops will be protected from aggressive rent collection and asked to pay what they can during the coronavirus pandemic....
The rules that would have limited the rights of employees in key industries to carry forward any unused annual leave will be delighted by the announcement made two weeks ago. This will mainly apply to workers in key industries such as food and healthcare. Workers who...
This week has seen a flurry of changes to the various government support schemes. We have summarised a few in this article. Coronavirus Job Retention Scheme (CJRS) The HMRC portal – where you formally register your claim - should be live as from 20 April 2020. HMRC...
Apart from the main business and personal tax reliefs that have received publicity in the past few weeks, a number of supplementary support items have been introduced. We have highlighted two in this post. Claiming Child Benefit For New-Borns General Register Offices...
Both of these sectors require people to work in close proximity to each other. The UK Government have issued broad guidelines to reduce the risks for workers from Coronavirus. Manufacturing and processing businesses Manufacturing plays an important role in the...
The 6th April marks the beginning of a new tax, and for the coming year, unprecedented challenges. As with most things in life, problems are a necessary precursor to finding solutions. We have listed below a few reminders of the issues you may want to consider as...
Guidance has now been updated by The British Business Bank on how to apply for the recently changed Coronavirus Business Interruption Loan Scheme (CBILS). Where to Apply Most of the UK High Street banks can provide a CBILS loan facility. As your present bankers...
The Self-Employed Income Support Scheme is not available for directors, who will need to seek financial support in other ways during the coronavirus outbreak. When the Government first announced measures to help self-employed workers last week, the information...
Self-employed people are the latest group of workers to be given income support by the Government to help them through the coronavirus crisis. The Self-Employed Income Support Scheme came as welcome news for millions of people who had previously felt left out by...
Further support to businesses and the self-employed to delay payment of various taxes to help them during the coronavirus outbreak was announced by the Government last week. They include: VAT Any VAT that falls due for payment in the period from 20 March, 2020 to 30...
Unprecedented state support to help pay the wages of staff left unable to work due to the coronavirus outbreak has been announced by the Chancellor. Rishi Sunak said on Friday that the Government would step in and pay up to 80 per cent of furloughed staff wages up to...
Small business owners are among those who may be particularly feeling the growing impact of the coronavirus pandemic. In last week’s Budget, the Chancellor announced ways the Government was offering additional support. Statutory Sick Pay (SSP) Small- and medium-sized...
The coronavirus (COVID-19) pandemic in the UK is affecting the normal way of life for people in many ways. The Government has announced a number of measures to support individuals as its impact continues to grow. Statutory Sick Pay (SSP) Statutory Sick Pay (SSP) will...
