As businesses deal with the impact of yet another national lockdown in England, the Chancellor has taken further steps to protect jobs, businesses and the self-employed by announcing additional changes to the Government’s financial support measures. Speaking in Parliament, Rishi Sunak announced further changes to the Coronavirus Job Retention Scheme (CJRS) and the Self-Employment Income […]
COVID-19: Business loans to reach five times more than last year
Due to the ongoing coronavirus crisis, there are estimates that the amount of net borrowing from UK organisations will surpass five times the number in 2019, as businesses struggle to survive the second wave.
Government extends Self-Employment Income Support Scheme and Government-backed loans
As England prepares for a four-week national lockdown, the Government has announced it will extend existing support measures to help businesses and the self-employed business community in the weeks ahead. As part of its latest support package, the Self-Employment Income Support Scheme (SEISS) and the various Government-backed loans, including the Bounce Back Loan, Coronavirus Business […]
National Lockdown – Extension to the Furlough Scheme and Business Support Update
The Government has extended the Furlough Scheme following the announcement of new Coronavirus restrictions in England from Thursday 5 November 2020 to Wednesday 2 December 2020, which will require many businesses to close. It has also confirmed that those businesses that are required to close will be eligible for business grants of up to £3,000 […]
Working parents struck by Covid-19 will be allowed to continue claiming Tax-Free Childcare, HMRC confirms
Working parents who fall under the income threshold to claim Tax-Free Childcare as a result of Covid-19 will be allowed to continue receiving relief, it has been announced.
Employers prepare to move to Job Support Scheme as Coronavirus Job Retention Scheme winds down
Employers currently using the Coronavirus Job Retention Scheme (CJRS) should prepare to transition to the new Job Support Scheme from the start of next month, HM Revenue & Customs (HMRC) has said.
Government extends further support to businesses affected by COVID-19
Under increasing pressure from business groups, local authority leaders and the public, the Government has decided to extend several of its existing support measures to help businesses across the UK – regardless of whether they are forced to close or remain open. Speaking to Parliament, the Chancellor Rishi Sunak announced three new steps that he […]
Chancellor expands Job Support Scheme and grants to businesses facing new COVID-19 restrictions
The Chancellor has announced that the Government will expand the new Job Support Scheme (JSS) to assist jobs and businesses required to close their doors as a result of tougher Coronavirus restrictions. The announcement was made ahead of new plans to introduce a tier-based system for lockdowns across the country, which could force some businesses […]
Time is running out to claim the second grant for the self-employed
Applications for the second round of the Self-Employment Income Support Scheme (SEISS) close on 19 October 2020. This grant offers those who are eligible a taxable payment equal to 70 per cent of average monthly profits for three months (capped at £6,570). You can claim for the SEISS if you are a self-employed individual or […]