Category Archives: COVID-19 Business Support

COVID-19: Update to Coronavirus Job Retention Scheme

See our previous post for full details on original scheme Closure of the first Furlough Scheme and the Opening of the Second Furlough SchemeThe full detail around the furlough schemes can be found below however it is very important that you understand and appreciate that the first furlough scheme will close on the 30th June and […]

COVID-19: Top-up to local business grant funds scheme

A discretionary fund has been set up to accommodate certain small businesses previously outside the scope of the business grant funds scheme.  (Published 02/05/2020) The statement from Gov.uk says: This additional fund is aimed at small businesses with ongoing fixed property-related costs. We are asking local authorities to prioritise businesses in shared spaces, regular market […]

COVID-19: Coronavirus Bounce Back Loan

Five weeks after lockdown, the UK government has announced yet more financial support for small and medium-sized enterprises (SMEs) – this time in the form of emergency “Bounce Back” loans. The Government has said that they will provide full details of the scheme on Monday 4 May. Under the Bounce Back loan scheme, the Government […]

[DOWNLOAD] COVID-19: Coronavirus Job Retention Scheme and Furlough Letter Template

HMRC Guidance can be found here. The guidance was updated on the 15th April with new eligibility dates, bringing in some previously excluded employees that began work prior to the 19th March. While the claim includes employer pensions and employers national insurance, don’t forget that the new Employment Allowance kicks in and is likely to cover Employers […]

COVID-19: Tax Reliefs to Support Homeworking

Homeworking allowance The homeworking allowance was increased at the Spring Budget from £4 to £6 a week (or £26 a month) with effect from 6 April 2020. An employer can pay this fixed sum, tax-free and NIC-free, to meet the additional costs an employee incurs working at home under homeworking arrangements. Homeworking arrangements mean an agreement […]

COVID-19: Support for businesses paying tax

All businesses and self-employed people in financial distress, and with outstanding tax liabilities, may be eligible to receive support with their tax affairs through HMRC’s Time To Pay service. These arrangements are agreed on a case-by-case basis and are tailored to individual circumstances and liabilities. If you are concerned about being able to pay your […]