Self-employment Income Support Scheme The Self-employment Income Support Scheme (SEISS) will support self-employed individuals (including members of partnerships) who have lost income due to coronavirus (COVID-19). This scheme will allow you to claim a taxable grant worth 80% of your trading profits up to a maximum of £2,500 per month for the next 3 months. […]
We set out current known facts concerning the potential furloughing of staff during the outbreak, with some practical advice Here is what the government are currently saying: Support for businesses through the Coronavirus Job Retention Scheme Under the Coronavirus Job Retention Scheme, all UK employers will be able to access support to continue paying part […]
This is an important note for any VAT registered businesses that wish to take advantage of the government offer not to pay their VAT falling due in the period 20 March 2020 to 30 June 2020. If you choose to do that but pay by direct debit, HMRC have said that you need to cancel […]
We set out the current and updated package of measures introduced by the government to support businesses through the crisis. A summary of these is as follows. a Coronavirus Job Retention Scheme deferring VAT and Income Tax payments a Statutory Sick Pay relief package for SMEs a 12-month business rates holiday for all retail, hospitality, […]
LATEST PACKAGE OF SUPPORT FROM THE GOVERNMENT FOR BUSINESSES The government has unveiled a £350 billion package of financial measures to shore up the economy against the coronavirus impact. The Chancellor said – “That means any business who needs access to cash to pay their rent, their salaries, suppliers or purchase stock will be able […]
In line with government advice regarding the Coronavirus outbreak, we have taken the decision to work from home from Wednesday 18 March until further notice. Therefore, from then we will not be available in the office for visitors. Beyond that it will be business as usual. We would like to reassure you that we have […]
BUDGET SUMMARY – MARCH 2020 Here are the points arising in the budget that we would like to draw to your attention. Our full budget report will be available in the coming days. Entrepreneurs Relief It was widely reported that this valuable relief might be abolished. It was claimable on appropriate lifetime gains up to […]
Government Announcement The government announced a package of measures in the budget to support businesses through the coronavirus crisis. The Chancellor recognised that many businesses will be affected by an interruption in trading and loss of staff due to illness or self-isolation. We would summarise the measures as follows – Statutory Sick Pay This is […]