The Chancellor yesterday (8 Jul 2020) announced a number of new measures to support businesses amid the pandemic. Coronavirus Job Retention Scheme No extension to the scheme was announced so as planned, the scheme will end in October. However the chancellor did announce a new job retention bonus. Businesses who bring back furloughed staff will […]
Sole traders with July payment on account due by 31st July can defer this payment for up to 31st Jan without incurring interest and penalty. You are not required to contact HMRC. A further HMRC guidance is available here.
Businesses need to pay VAT on the normal due dates from 1st July following the introduction of COVID-19 driven VAT deferral. If your business is unable to pay VAT, it is important that you agree any extension with the HMRC prior to the deadline. This means a potential surcharge is avoided. There is no ‘standard’ […]
Following the COVID19 challenges facing the UK businesses, a full range of business support measures have been made available to the small and medium-sized business. This includes grant payments, deferral of tax payments and loan scheme. Within this page, we briefly take a look at the Bounce Back Loan (BBL). Overview of BBL The BBL […]
We are sure this is a period of great uncertainty and hardship for many of you. The handbook below aims to summarise the recently announced financial support from the government for the individuals and small businesses and answer some of the questions you may have. Please feel free to get in touch with us on […]
The Coronavirus (COVID19) pandemic has had a massive impact in the UK. The government has announced a number of new initiatives to support the UK economy. We’ve put together this blog to keep you up to date with the constantly changing support available. Self Employed On 26th March, the chancellor announced support for the […]