COVID-19 GRANTS AVAILABLE TO SMALL BUSINESSES

COVID-19 GRANTS AVAILABLE TO SMALL BUSINESSES Businesses in the retail, hospitality and leisure sectors with rateable values between £15,000 and £51,000 will receive a cash grant of up to £25,000.  In other words, you will not pay any business rates in 2020-21 and you will be eligible for a grant of up to £25,000. All businesses in receipt of […]

COVID-19 Support for businesses through deferring VAT and Income

COVID-19 Support for businesses through deferring VAT and Income The Government will support businesses by deferring Valued Added Tax (VAT) payments for 3 months. For VAT, the deferral will apply from 20 March 2020 until 30 June 2020. Eligibility All UK businesses are eligible. How to access the scheme This is an automatic offer with […]

COVID-19 Chancellor gives support to millions of self-employed individuals

COVID-19 Chancellor gives support to millions of self-employed individuals This Scheme allows self-employed individuals to claim a TAXABLE grant of 80% of their trading profits up to a maximum of £2,500 per month for the next 3 months (subject to extension). Who is it for; You can apply if you’re self-employed or are in partnership & You […]

The Coronavirus Job Retention Scheme

The Coronavirus Job Retention Scheme Furloughed members of staff must not work for the employer during the period of furlough. Furlough is from 1 March 2020, so is to be backdated. It will last for at least 3 months and will be extended if necessary. Note that while the scheme is backdated to the beginning […]