Written 6/4/2020 We will introduce a business rates holiday for nurseries in England for the 2020 to 2021 tax year.EligibilityYou are eligible for the business rates holiday if:• your business is based in EnglandProperties that will benefit from the relief will be hereditaments:• occupied by providers on Ofsted’s Early Years Register• wholly or mainly used…Read More
Written 6/4/2020 Government will bring forward legislation 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 up to 2 weeks’ SSP per eligible employee who has been off work because…Read More
Written 6/4/2020 The Coronavirus Job Retention Scheme is a temporary scheme open to all UK employers for at least 3 months starting from 1 March 2020. It is designed to support employers whose operations have been severely affected by coronavirus (COVID-19).Employers can claim for 80% of furloughed employees’ (employees on a leave of absence) usual…Read More
Written 6/4/2020 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 Payment to cover the first 12 months of interest payments and any lender-levied fees, so smaller…Read More
Written 6/4/2020HMRC will support businesses by deferring Valued Added Tax (VAT) payments for 3 months.If you’re a UK VAT registered business and have a VAT payment due between 20 March 2020 and 30 June 2020, you have the option to:• defer the payment until a later date• pay the VAT due as normalIf you’re in…Read More
Written on 6/4/2020 If you’re due to pay a self-assessment payment on account by 31 July 2020 but the impact of the coronavirus causes you difficulty in making payment by that date, then you may defer payment until January 2021.EligibilityYou are eligible if you are due to pay your second self-assessment payment on account on…Read More
Written 6/4/2020 The government will provide additional Small Business Grant Scheme funding for local authorities to support small businesses that already pay little or no business rates because of small business rate relief (SBRR), rural rate relief (RRR) and tapered relief. This will provide a one-off grant of £10,000 to eligible businesses to help meet…Read More
Funds are now with the Local Authorities to distribute. The Government Guidance states that if you eligible, you do not need to do anything to access your Small Business Grant Funding/Cash Grant for Retail Hospitality and Leisure. They will write to you with information on how to claim the grant. https://www.businesssupport.gov.uk/small-business-grant-funding/ https://www.businesssupport.gov.uk/business-rates-holiday-for-retail-hospitality-and-leisure/ However, if you…Read More
Written 30 March 2020 On 26 March 2020 the Chancellor announced a new grant scheme available to the self-employed and members of partnerships and have lost income due to coronavirus. This factsheet is based on the limited details announced by HMRC as at 30 March 2020. Broadly the new scheme will allow self-employed taxpayer to…Read More
Frequently Asked Questions (Based on information available as at 29 March 2020) 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 that would otherwise have been laid off during this crisis. This applies to employees…Read More
Under the Coronavirus Job Retention Scheme, all employers in the UK will be able to access support to continue paying part of employees’ salaries who would otherwise have been laid off during the ongoing crisis. Furloughed workers are employees whose employers cannot cover staff costs due to coronavirus, and as such they have been asked…Read More
The telephone number for HMRC’s coronavirus (COVID-19) helpline has changed to 0800 024 1222. For the most recent advice from the UK government see here https://www.gov.uk/coronavirus
Please see below the links to the latest Covid-19 updates as they currently stand that we feel will be most useful for our clients at this difficult time. https://www.acas.org.uk/coronavirus https://www.gov.uk/government/publications/guidance-to-employers-and-businesses-about-covid-19/covid-19-support-for-businesses The guidance is as follows. #1 GOVERNMENT SUPPORT FOR BUSINESSES On Friday 21ST the Chancellor set out a package of measures to support public services,…Read More
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