Crazy times

March 22, 2020

Who would have thought that a few weeks on from the budget so much would change!

 

We are working with all our clients to ensure that they are taking advantage of all the tools made available by the governement. These measures are there to help you, not all are available at the moment - we will let you know as soon as they way to access them is clear.


The official website for news can be found here this is the government page for business advice:

 

"The Chancellor has set out a package of temporary, timely and targeted measures to support public services, people and businesses through this period of disruption caused by COVID-19.

 

This includes a package of measures to support businesses including:

  • a Coronavirus Job Retention Scheme

  • deferring VAT and Income Tax payments

  • a Statutory Sick Pay relief package for SMEs

  • a 12-month business rates holiday for all retail, hospitality and leisure businesses in England

  • small business grant funding of £10,000 for all business in receipt of small business rate relief or rural rate relief

  • grant funding of £25,000 for retail, hospitality and leisure businesses with property with a rateable value between £15,000 and £51,000

  • the Coronavirus Business Interruption Loan Scheme offering loans of up to £5 million for SMEs through the British Business Bank

  • a new lending facility from the Bank of England to help support liquidity among larger firms, helping them bridge coronavirus disruption to their cash flows through loans

  • the HMRC Time To Pay Scheme"

     

     

     

     

     

     

     

     

     

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