SUMMER STATEMENT

July 9, 2020 No comments yet

The Summer Statement ‘mini budget’ by chancellor Rishi Sunak on 8 July 2020 in the wake of the coronavirus crisis looks to stimulate the economy as the UK enters a ‘severe recession’. The chancellor also added that he will produce a Budget and spending review in the Autumn. The key announcements made were:- Job Retention […]

COVID-19: Self-Employment Income Support Scheme (SEISS)

July 1, 2020 No comments yet

The HMRC’s claims portal for the second grant opens in August 2020.  At a glance Support for the self-employed during the coronavirus crisis: Two separate taxable grants are claimable: First grant for the period ending 13 July 2020. Second grant for the period from 14 July 2020. The grant payable is the lower of: £7,500 […]

The Bounce Back Loan Scheme

May 7, 2020 No comments yet

This has been launched due to fears that small businesses can’t access coronavirus funding quickly enough. The info below is the latest we have and you need to remember that this is a developing situation Bounce back loans in a nutshell Bounce back loans are separate from the Coronavirus Business Interruption Loan Scheme, which is for […]

Self-Employment Grant

May 6, 2020 No comments yet

The process to claim the self-employment grant will apparently open on 13th May this is something you will have to do yourself as the process cannot be done by an agent. We can however assist if you need any information although we don’t know at the moment exactly what questions will be asked. Follow the […]

Government announces additional grants for small businesses

May 4, 2020 No comments yet

4 May 2020: Details of additional funding for those not covered by existing local authority grants will be revealed this week. On Saturday 2 May 2020, the Government announced that the local business grant funds scheme would receive a 5% top-up aimed at closing the support gap for businesses that don’t qualify for the existing […]

Further details of Coronavirus Job Retention Scheme (CJRS) announced

March 27, 2020 No comments yet

Main Points government to cover employer National Insurance and pension contributions of furloughed workers – on top of 80% of salary those furloughed can volunteer for the NHS without risking their pay Latest Details: Businesses furloughing staff during the coronavirus outbreak will receive further financial support – with the costs of employer national insurance and […]

Government support to self-employed individuals

March 27, 2020 No comments yet

The money – up to a maximum of £2,500 a month for at least 3 months will be paid in a single lump sum, but will not begin to arrive until the start of June at the earliest. It will be called the Coronavirus Self-employment Income Support Scheme, and is open to those who were […]

23/3/2020 – GOVERNMENT SUPPORT FOR BUSINESSES DURING THE CORONAVIRUS DISRUPTION

March 23, 2020 No comments yet

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: a Coronavirus Job Retention Scheme deferring VAT and Income Tax payments a Statutory Sick Pay relief package […]

UPDATED GOVERNMENT SUPPORT FOR CORONAVIRUS

March 18, 2020 No comments yet

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: a statutory sick pay relief package for SMEs a 12-month business rates holiday for all retail, hospitality […]

Budget Booklet 2020

March 12, 2020 No comments yet

Chancellor Rishi Sunak delivered the first Budget since the UK’s departure from the European Union and against the backdrop of the outbreak of coronavirus. He stated that the Budget was to meet “challenging times” being felt across the economy. The key announcements were as follows:- Personal allowance for income tax remains at £12,500 for 2020/21 […]