Dear all As you are aware a new government initiative to help small firms, sole traders and partnerships, termed the “Bounce Back Loans “ programme, is due to be rolled out on Monday.  It carries  high hopes for many  businesses who are anticipating that this new initiative will attempt to address some, if not all,…

Dear All The news below will be received with great deal of relief by many small businesses, currently struggling. Article reproduced in full Small firms are to get access to 100% taxpayer-backed loans after they raised concerns about slow access to existing coronavirus rescue schemes. Chancellor Rishi Sunak told the House of Commons the scheme…

Dear All Please note: Any CJRS Furlough claim may be subject to HMRC retrospective audit and therefore it makes sense to note the date and reasons for the Furlough decision. We appreciate that it will be obvious for some businesses (Government orders closure) but for some businesses especially Director / Shareholder businesses it is prudent to note…

The Government is to introduce temporary new measures to safeguard the UK high street against aggressive debt recovery actions during the coronavirus pandemic. Statutory demands and winding up petitions issued to commercial tenants to be temporarily voided and changes to be made to the use of Commercial Rent Arrears Recovery, building on measures already introduced…

The Government has launched a new ‘support finder’ tool will help businesses and self-employed people across the UK to quickly and easily determine what financial support is available to them during the coronavirus pandemic. The Support finder contains a new online platform helps businesses easily access the financial support they are eligible for during the…

Many businesses that import goods into the UK from outside the EU operate deferment accounts, which allow payment of import VAT and duty to be delayed for 15 days after the month in which the goods are brought into the country. See Gov.uk – How to set up a deferment account:  https://www.gov.uk/guidance/setting-up-an-account-to-defer-duty-payments-when-you-import-goods HMRC requires such accounts…

The Department for International Trade has outlined support available to 160,000 exporters and UK businesses are now eligible to secure export insurance cover to major international markets. See: https://www.gov.uk/government/news/coronavirus-dit-offers-support-to-exporters-and-investors Guidance on how to help secure export finance to keep trading during the coronavirus outbreak has been set out by government in direct communication to 160,000 exporters…

This copy is an extract form the Government website: https://www.gov.uk/government/publications/guidance-to-employers-and-businesses-about-covid-19/covid-19-support-for-businesses Support for nursery businesses that pay business rates (England) The Government is introducing a business rates holiday for nurseries in England for the 2020 to 2021 tax year. Nurseries are eligible for the business rates holiday if: The business is based in England Properties that…

INCREASE IN WORKING TAX CREDITS The government has announced that Working Tax Credits payments will be increased from 6 April 2020. As part of a number of measures to support the country during the COVID-19 pandemic, the basic element of Working Tax Credit has been increased by £1,045 to £3,040 from 6 April 2020 until…

Who can claim? Employers must have: created and started a PAYE payroll scheme on or before 28 February 2020 enrolled for PAYE online – this can take up to 10 days a UK bank account Any entity with a UK payroll can apply, including businesses, charities, recruitment agencies and public authorities. Do you employ Apprentices? Apprentices can…

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