05.05.2020

Coronavirus – Self Employed Income Support Scheme – Update 05/05/2020

UPDATE Taxable grants of up to £2,500 per month are available for qualifying individuals who have trading profits or partnership trading profits of less than £50,000. In order to qualify, your business trading income must comprise more than half of…

01.05.2020

Coronavirus – No VAT on PPE – 01/05/2020

The government has announced that the VAT rate the sale of PPE (Personal Protective Equipment) such as masks, gloves, aprons and gowns will be reduced from 20% to Zero Rate for the period 1st May to 31st July 2020. The published…

28.04.2020

Coronavirus – Bounce Back Loans,100% Government backed loans for SMEs – 28/04/2020

On 27 April, the UK Government announced a new loan scheme aimed at supporting SMEs that have been unable, or unwilling to access the existing CBILS loans

The new microbusiness loan scheme will open next Monday, May 4 and will deliver cash to successful applicants within 24 hours.

20.04.2020

Future Fund for early stage & high growth companies – what you need to know

On 20 April, the UK Government announced a new scheme to support early stage and start-up businesses adversely impact by Covid-19 that may be unable to secure finance under the existing Coronavirus Business Interruption Loan Scheme (“CBILS”). Early stage businesses…

20.04.2020

Coronavirus – Job Retention Scheme, Update on ‘Go Live’ Day – 20/04/2020

Late on Friday evening the Government issued further guidance on the Coronavirus Job Retention Scheme, including a step by step guide as to how the claim process will operate and illustrations as to how to calculate a grant claim. The…