Coronavirus Recovery Support

Under the new Recovery Loan Scheme (RLS), British businesses can now apply for affordable loans of between £1,000 and £10 million. We at Davis Grant are here to provide you with everything you need to know about the initiative and how it could help your business recover from the coronavirus pandemic. What is the Recovery […]

Businesses in the non-essential retail, hospitality, leisure, personal care and accommodation sectors can now access one-off cash grants of up to £18,000 from their local council. The Restart Grant scheme opened nationally on 1 April 2021 and is now being rolled out by local authorities across England.  Eligible businesses will be paid: a one-off grant of up […]

The Coronavirus Business Interruption Loan Scheme (CBILS) is due to end on 31 March 2021, after which no further applications for the scheme can be made. CBILS allows businesses to apply for a loan of between £50,001 and £5 million up to 25 per cent of their annual turnover from lenders accredited the British Business […]

Businesses that have used the Coronavirus Business Interruption and Bounce Back Loan schemes may soon see their 12-month payment-free period end soon. Businesses that took out a loan when they were first launched last year will have to begin repaying the money lent to them from May, unless they are able enjoy a repayment holiday […]

Newly self-employed taxpayers may be required to undergo pre-verification checks before they can access the fourth self-employment income support (SEISS) grant, it has been revealed. HM Revenue & Customs (HMRC) wrote to over 100,000 businesses recently informing them about the changes. The move comes after the Chancellor, Rishi Sunak, extended the SEISS to include those […]

The Coronavirus Job Retention Scheme (CJRS), more commonly referred to as furlough, will now be extended until the end of September this year following confirmation in the recent Chancellor’s Budget. First introduced a year ago, the scheme has provided an essential lifeline to employers, helping them shoulder the employment costs for employees who were unable […]

At the start of April, the Government will introduce the new super-deduction and special rate first-year allowance to help businesses invest in qualifying plant and machinery, as the nation looks to rebuild. This new capital allowance scheme will be available to companies from 1 April 2021 to 31 March 2023, offering them an incentive to […]

The Coronavirus Business Interruption Loan Scheme (CBILS) has played an essential role in supporting businesses through the pandemic, providing billions of pounds of funding to businesses.  However, the CBILS is now due to end on 31 March 2021, after which no further applications for the scheme can be made. The replacement Recovery Loan scheme looks like […]

HM Revenue & Customs (HMRC) has announced that its online VAT Deferral New Payment Scheme is now open for applications to help businesses arrange smaller monthly repayments of deferred VAT.  Under the New Payment Scheme, you can repay VAT deferred between 20 March and 30 June 2020 in up to 11 instalments from March 2021 […]