Government support for innovative SMEs
Rishi Sunak as Chancellor has announced a suite of new incentives for UK businesses to support innovative businesses at this difficult time. Chancellor announces new £1.25 billion coronavirus package to protect firms driving innovation in UK package includes a £500 million investment fund for high-growth companies impacted by the crisis, made up of funding from […]
Job Retention Scheme – claim details for employers
HMRC have now released further information for employers on the procedure to claim grants under the Job Retention Scheme (furlough). Most importantly is the news that the portal to make claims will open on Monday 20th April. An equally pleasing aspect is that claims are expected to be paid within 6 working days of submission. […]
Coronavirus Job Retention Scheme (furlough) further guidance and webinar
HMRC have updated their website in relation to Furlough (Job Retention Scheme), the key changes are: 1. You can furlough a member of staff who is on sick leave, as long as it is for business reasons. You then take them off SSP and claim Furlough instead. 2. You may furlough employees on long term […]
Updated information released on Self Employment Income Support Grant
HMRC confirms it aims to contact those eligible for the grant by mid-May, with payments expected in early June. Contrary to early information released, there will be an online system to claim the grants, although this has not yet been made available. Further specific details include how HMRC will calculate grants where there has not […]
Have you claimed your business rates support grant?
Local Authorities are now paying out the Small Business Grants Funding and Retail, Hospitality and Leisure Grant Funding – have you claimed yours yet? If you have been identified as qualifying for the either of the grants, you will have been written to or e-mailed directly and informed how to claim it. If you cannot […]
Coronavirus (COVID-19): CBILS summary helpsheet
The Coronavirus Business Interruption Loan Scheme (CBILS) has been implemented to support long-term viable businesses who are looking to alleviate cashflow pressures through seeking finance. The finance will be provided by the British Business Bank through participating providers during the COVID-19 pandemic. The CBILS supports a wide range of business finance products, including term facilities, […]
Coronavirus (COVID-19): Business Interruption Loan Scheme Update
The Chancellor Rishi Sunak has today (3rd April) revealed the much needed overhaul to the Coronavirus Business Interruption Loan Scheme (CBILS) including an introduction of a new Coronavirus Large Business Interruption Scheme (CLBILS). The temporary loan scheme originally announced by the Chancellor on 23rd March has not been a success o date with many small […]
Coronavirus (COVID-19): HMRC extends MTD ‘digital links’ deadline
In light of the coronavirus pandemic HMRC have announced that businesses participating in Making Tax Digital for VAT have until 1 April 2021 to meet the requirement to have ‘digital links’ within their accounting systems. To ease the pressure during the COVID-19 crisis, HMRC has confirmed that it is allowing more time for participants in […]
Coronavirus (COVID-19): Companies House filing deadline delay
Companies House understand the current pressures on Companies and Directors in light of the Coronavirus pandemic. As such they have agreed to extend filing deadlines by three months as a measure of support. This extension must be applied for and is not automatic. Businesses must send their application to Companies House before their normal filing […]
Coronavirus (COVID-19): Government support summary
These are testing times in which we live. With the Coronavirus (Covid-19) pandemic causing a ‘lockdown’ situation in the UK, the government have announced a host of measures to aide UK businesses to survive. To help business owners understand their options regarding Government support we have put together the booklet below. Click the image or […]
