What’s changing? From 1 July, employers can bring back to work employees that have previously been furloughed for any amount of time and any shift pattern, while still being able to claim CJRS grant for their normal hours not worked. When claiming the CJRS grant for furloughed hours employers will need to report and claim […]
Category Archives: COVID-19 Business Support
29
Apr
Apr
The Bounce Back Loan Scheme will enable small businesses affected by the pandemic to borrow between £2,000 and £50,000 in an initiative described by the Chancellor as “an easy solution for those in need of smaller loans”. What is the benefit? Loans of between £2,000 & £50,000 are available to businesses. Businesses can apply for 25% of […]
08
Apr
Apr
HMRC is now allowing agents (such as accountants who run your payroll) to make furlough claims for clients. However, it’s not necessarily all plain sailing. If you know you want to make a furlough claim, you need to start preparig now especially if you or your accountant does not have access to your business’ online […]
01
Apr
Apr
The government has got 40 banks to offer the loan scheme. It sounds good but we already think only the most robust of businesses will be successful in getting loans or overdrafts. What is the benefit? Loans of up to £5 million are available to businesses with terms up to 6 years. There is no […]
01
Apr
Apr
The governement has launched a Self Employed Income Support Scheme which is running for 3 months (from March to the end of April). Who is eligible? Self employed people (individuals, partners) who filed a 2018/19 self assessment income tax return, People who earn a majority of their income from self employment People with self employment […]
24
Mar
Mar
VAT payment deferral Businesses do not need to pay VAT liabilities arising in the period from 20 March 2020 to 30 June 2020. Businesses will have until the end of the 20/21 tax year to make any payments deferred under the scheme. To be on the safe side, we think you should assume that the […]
23
Mar
Mar
We’re being asked a lot of questions by clients about what the government’s Covid-19 business support measures are. We’ve got access to the same information clients have but here’s our view on what we think the guidance means: What the guidance means A furloughed employee (pronounced [fur][low]’ed) is one where he/she retains employee rights but […]