HOW TO CLAIM FOR YOUR EMPLOYEES’ WAGES THROUGH THE CORONAVIRUS JOB RETENTION SHEME
Further details are now available on the Coronavirus Job Retention Scheme. Furlough Scheme 6 April 2020
Chancellor Strengthens Support On Offer For Business As First Government-Backed Loans Reach Firms In Need
HM Treasury has announced the Chancellor Rishi Sunak is taking further action to support firms affected by the coronavirus crisis by bolstering business interruption loans for small businesses and announcing a new scheme for larger companies. The Chancellor states: £90 million of business interruption loans approved for nearly 1,000 firms and £1.9 billion corporate finance […]
CROYDON BUSINESS WEBINAR – FINANCIAL SUPPORT
Bryden Johnson were delighted to be able to take part in the second Croydon Business Webinar, organised yesterday by White Label Creative. A group of panelists, including Jackie Wilding, discussed the financial support available to businesses and employees during the COVID-19 crisis. Next week’s webinar will focus on commercial space security and can be booked […]
DEFERRAL OF VAT PAYMENTS
The Government announced the deferral of VAT payments for 3 months from 20 March 2020 until 30 June 2020. All VAT registered traders are eligible. This will generally mean the deferral of one quarter’s VAT, the payments due on 7 April, 7 May or 7 June 2020 or the monthly payments due on each of these […]
HELP FOR THE SELF EMPLOYED
Chancellor Rishi Sunak has announced measures to support the self-employed and partnerships. The scheme is called the Coronavirus Self-employment Income Support Scheme (CSEISS). If you have suffered a loss in income, a taxable grant will be paid to the self-employed or partnerships, worth 80% of profits up to a cap of £2,500 per month. Initially, […]
COMPANIES TO RECEIVE 3-MONTH EXTENSION PERIOD TO FILE ACCOUNTS DURING COVID-19
From today 25 March 2020 businesses will be able to apply for a 3-month extension for filing their accounts. This joint initiative between the government and Companies House will mean businesses can prioritise managing the impact of Coronavirus. As part of the agreed measures, while companies will still have to apply for the 3-month extension […]
VAT DEFERRAL
For VAT, the deferral will apply from 20 March 2020 until 30 June 2020. All UK businesses are eligible. How to access the scheme This is an automatic offer with no applications required. Businesses will not need to make a VAT payment during this period. Taxpayers will be given until the end of the 2020 […]
THE CORONAVIRUS BUSINESS INTERRUPTION LOAN SCHEME (CBILS) IS NOW AVAILABLE THROUGH PARTICIPATING LENDERS
INTRODUCTION CBILS is a new scheme, announced by The Chancellor at Budget 2020, that can provide facilities of up to £5m for smaller businesses across the UK who are experiencing lost or deferred revenues, leading to disruptions to their cashflow. CBILS supports a wide range of business finance products, including term loans, overdrafts, invoice finance […]
THE CORONAVIRUS BUSINESS INTERRUPTION LOAN SCHEME
A new temporary Coronavirus Business Interruption Loan Scheme, delivered by the British Business Bank, will launch this week to support primarily small and medium-sized businesses to access bank lending and overdrafts. The government will provide lenders with a guarantee of 80% on each loan (subject to a per-lender cap on claims) to give lenders further […]
CASH GRANTS FOR RETAIL, HOSPITALITY AND LEISURE BUSINESSES
The Retail and Hospitality Grant Scheme provides businesses in the retail, hospitality and leisure sectors with a cash grant of up to £25,000 per property. For businesses in these sectors with a rateable value of under £15,000, they will receive a grant of £10,000. For businesses in these sectors with a rateable value of between […]