Category Archives: Covid-19
May 13, 2020
COVID-19: Government Help for the Self-Employed
On 26th March 2019, Chancellor Rishi Sunak announced assistance for the self-employed, intended to be analogous to the help already announced for furloughed employees. At the time of writing the precise detail is still largely absent. However, the basics of what has been announced are set out below.
May 11, 2020
Bounce Back Loan Scheme (BBLS)
What is it? The Bounce Back Loan Scheme (BBLS), provides financial support to small businesses across the UK that are losing revenue, and seeing their cashflow disrupted, as a result of the COVID-19 outbreak. Small firms will be able to access to 100% government backed loans.
April 20, 2020
Government announces start-up support plan
The Chancellor Rishi Sunak has announced a £1.25bn support package for start-up and tech-driven companies who may be unable to access the existing COVID-19 support measures. Start-up innovative businesses can often be high-growth but loss-making, meaning they are not eligible for some of the existing support packages.
April 17, 2020
Chancellor Extends Furlough Grant Scheme to 30 June
Rishi Sunak has today announced that the Government will be extending the availability of the Coronavirus Job Retention Scheme (CJRS) for one month until 30 June.
April 17, 2020
Coronavirus Large Business Interruption Loan Scheme (CLBILS)
What is it? The Coronavirus Large Business Interruption Loan Scheme (CLBILS) will open on Monday 20 April 2020. It is designed to provide financial support to mid-sized and larger businesses across the UK that are losing revenue and seeing their cashflow disrupted, as a result of the COVID-19 outbreak.
April 16, 2020
Extension of eligibility cut-off date for claims for furloughed employees under CJRS
HMRC have just announced that it will not only be employees on the payroll as at 28 February 2020 who are eligible to be furloughed and the grant claimed. New guidance published yesterday has confirmed the eligibility date has been extended to 19 March 2020– the day before the scheme was announced.
April 03, 2020
Coronavirus Business Interruption Loan Scheme (CBILS) and Coronavirus Large Business Interruption Loan Scheme (CLBILS)
Updated as at 3 April 2020 Coronavirus Business Interruption Loan Scheme (CBILS) What is it? The Coronavirus Business Interruption Loan Scheme (CBILS) provides financial support to smaller businesses (SMEs) across the UK that are losing revenue, and seeing their cashflow disrupted, as a result of the COVID-19 outbreak.
April 02, 2020
CBILS Loans – update and application planning
As people may be aware, the CBILS initiative put forward by Government has up to now failed to be the source of emergency funding that the Chancellor trumpeted it would be.
March 30, 2020
Employees working from home – what is taxable?
HMRC have published guidance for employers on what equipment, services or supplies are taxable if employees are working from home due to either employers’ workplaces being closed, or if they have been advised to self-isolate as a result of coronavirus (COVID-19).
March 30, 2020
Update to Furloughed Workers
As and when further detail is being released by the government we are able to update our guidance to you.1 2 3 Next »