The long-awaited statement from the Chancellor, Rishi Sunak regarding COVID-19 support for the self-employed has been announced. The Chancellor said that the scheme will benefit some 95% of people whose main income source is derived from self-employment. A list of the scheme features as announced, and published, are as follows: Those that qualify will receive…
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Support with paying your taxes
Further support to businesses and the self-employed, to delay the payment of various taxes was announced last week. They include: VAT Any VAT that falls due for payment in the period from 20 March 2020 to 30 June 2020 can be deferred until the end of the 2020-21 tax year. This is not a cancellation…
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Coronavirus Business Interruption Loan Scheme Open
The Coronavirus Business Interruption Loan Scheme is now open, the links below, set out the qualifying criteria and application process, as provided by the British Business Bank. We will be happy to help our clients with the application process in any way we can, please contact your Client Manager or Client Partner for more advice.…
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Important VAT Deferral Update – Cancel your DD
Deferred VAT payments - important As you are aware HMRC deferred VAT payments for a 3 month period until 30th June 2020. Although this is an automatic offer with no application required, HMRC published the following advice in relation to this: Customers who normally pay by direct debit should cancel their direct debit with their bank…
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