Monthly Archives: March 2020

Business Interruption Loan Scheme

Business Interruption Loan Scheme

The Government has launched the Business Interruption Loan Scheme. It is available for UK based businesses with a turnover of no more than £45 million and can provide for a facility of up to £5 million. It is also interest-free for the first 12 months. The borrower remains liable for 100% of the debt. Please […]

VAT payments deferred

VAT Payments Deferred Until End of June 2020

The Government has announced that the next quarter of VAT payments will be deferred, meaning businesses will not need to make VAT payments from 20th March until 30th June 2020.  Businesses will then have until the end of the 2020-21 tax year to settle any liabilities that have accumulated during the deferral period. The deferral applies […]

coronavirus job retention scheme

Coronavirus Job Retention Scheme (CJRS)

In these difficult times, we want to support you as much as possible. We, therefore, plan to send you updates on any major developments which will hopefully help your business. The Government has announced the launch of the Coronavirus Job Retention Scheme (CJRS), designed so that HMRC reimburse 80% of the salary of PAYE employees […]