Category Archives: Covid-19

March 24, 2020

COVID 19: INSURANCE

Many businesses will have insurance for business interruption and will be keen to know if this policy covers losses arising from the present national emergency.
March 24, 2020

Support for businesses through the Coronavirus Job Retention Scheme

Under the scheme companies will still be able to pay part of employees salaries who would have otherwise been made redundant during the current crisis. Up to 80% of the employees salary, capped to £2,500, is reclaimable as a grant from the government. The £2,500 is with reference to the average UK monthly salary.
March 24, 2020

COVID-19: Support for businesses / Business Rates

COVID-19: Support for businesses / Business Rates Business rates were included in the package of measures that the Chancellor set out to support businesses. In summary, there is a 12-month business rates holiday for all retail, hospitality, leisure and nursery businesses in England.
March 23, 2020

COVID-19 – Corporate Financing Facility

Under the new Covid-19 Corporate Financing Facility, the Bank of England will buy short term debt from larger companies. This will support your company if it has been affected by a short-term funding squeeze, and allow you to finance your short-term liabilities.
March 20, 2020

Companies House to allow coronavirus-related filing extensions

Businesses affected by the COVID-19 pandemic can now apply to Companies House to request an extension to file their accounts, reports and confirmation statements. The maximum extension is three months, but stringent conditions apply, the most important being that any appeal must be lodged before a company’s filing deadline.
March 20, 2020

Summary of the latest government assistance measures

At Barnes Roffe we have put together a summary of the latest government assistance measures as at 18 March 2020. If you click on the links within the text you can access further information directly from HMRC .
March 18, 2020

Covid-19 HMRC business support announced

The Chancellor has announced the following business support in light of the pandemic caused by the Coronavirus (Covid-19) outbreak:- A new Coronavirus Business Interruption Loan Scheme, delivered by the British Business Bank via high street lenders, will enable businesses with a turnover of no more than £41 million to apply for a loan of up. . .
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