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Category: Covid-19

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Government Assistance – Lockdown 3

The Chancellor Rishi Sunak has unveiled some brief plans with regards to extra financial support after yesterday’s lockdown news: – Businesses in the retail, hospitality and leisure sectors will receive up to £9,000 per property in one-off grants as follows: – £4,000 for businesses with a rateable value of £15,000 or under – £6,000 for…
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VAT or Income Tax Deferred due to Covid 19 and due in January 2021

VAT or Income Tax Deferred due to Covid 19 and due in January 2021 At the beginning of the coronavirus pandemic, the government gave individuals and  businesses the option to defer, until 2021, payments of Income Tax due by 31 July 2020 and VAT due in the period 20 March to 30 June 2020. This…
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Self Employed Income Support Scheme (SEISS) – New Guidance for next claim

Self Employed Income Support Scheme (SEISS) – New Guidance for next claim With the scheme now extended HMRC have issued somenew guidance and rules around who can claim, what records must be kept and how to make your claim. If you were not eligible for the first and second grant based on the information in…
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Bounce Back Loans Extended and Top-Ups

Bounce Back Loans Extended and Top-Ups From today participating lenders in the Bounce Back Loan Scheme (BBLS) are able to offer small businesses across the UK a top up to their existing Bounce Back Loan if they originally borrowed less than the maximum amount available to them. The Bounce Back Loan top-up will be available…
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Coronavirus Job Retention Scheme Extended (again)

Coronavirus Job Retention Scheme Extended (again) The CJRS (also known as the furlough scheme) will remain open until 30th April 2021. For claim periods running from November 2020, employees will receive 80% of their usual salary for hours not worked, up to a maximum of £2,500 per month. The £2,500 cap is proportional to the hours not…
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Self Employed Income Support Scheme – Extension

Self Employed Income Support Scheme – Extension The Self-Employment Income Support Scheme Grant Extension provides critical support to the self-employed in the form of two grants, each available for three month periods covering November 2020 to January 2021 and February 2021 to April 2021. Who can claim To be eligible for the Grant Extension self-employed…
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Job Support Scheme

What is the Job Support Scheme? On 22 October 2020, the Chancellor announced further changes to the Job Support Scheme by expanding it into two schemes, Job Support Scheme (Open) for use by business that can continue to trade and Job Support Scheme (Closed) for those that are legally obliged to cease trading under Tier…
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Self Employment Income Support Scheme Extended

Self Employment Income Support Scheme Extended WHAT IS THE SCHEME? The Chancellor recognises the continued impact that COVID-19 has had on the self- employed and has taken action to provide support. The SEISS Grant Extension provides critical support to the self-employed. The grant will be limited to self-employed individuals who are currently eligible for the…
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Chancellor unveils new Job Support Scheme

The new Job Support Scheme What is it? • The Job Support Scheme is designed to protect viable jobs in businesses who arefacing lower demand over the winter months due to Covid-19, to help keep theiremployees attached to the workforce. The company will continue to pay itsemployee for time worked, but the burden of hours…
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Maintaining your NIC contributions record during Covid-19

Maintaining your NIC contributions record during Covid-19 The Covid-19 pandemic has meant that many people will suffer a reduction in income in 2020/21. Not all individuals are eligible for support under the Coronavirus Job Retention Scheme or the Self-Employment Income Support scheme, and those who are eligible for the grants will not generally receive their…
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