Category: Covid-19 For Businesses

Covid-19 schemes introduced to help businesses access loans and finance during the Coronavirus crisis, are due to close for new applications on 31st March 2021 Coronavirus Bounce Back Loan helps small and medium sized businesses to borrow between £2,000 up to £50,000 or 25% of their turnover.  https://www.gov.uk/guidance/apply-for-a-coronavirus-bounce-back-loan Coronavirus Business Interruption Loan Scheme helps small and… Continue reading Coronavirus Loan Schemes Application Deadline 31st March 2021

The UK Government has announced that the Self-Employment Income Support Scheme (SEISS) will continue until September with a fourth and fifth grant. The fourth and fifth grants will take into account submitted 2019-20 tax returns. This means you may be able to claim, even if you were not eligible for previous grants. You must have… Continue reading Self-Employment Income Support Scheme (SEISS) Grants 4 and 5 Confirmed

Chancellor Rushi Sunak announced his Budget in the House of Commons on 3rd March 2021. Setting out his plans to support the economy throughout the pandemic and into recovery. These are the announcements for his plans to support business & self employed: An extension of the Coronavirus Job Support Scheme (CJRS) to September 2021 across… Continue reading Covid-19 Support Measures Announced in Budget 2021

VAT deferral new payment scheme – join from 23‌‌‌‌ February If businesses deferred paying VAT due in the period from 20‌‌‌‌ ‌March to 30‌‌ ‌June‌‌ ‌2020 and can’t afford to pay by 31‌‌ March‌‌ ‌2021, they can join the VAT deferral new payment scheme and pay their deferred VAT over a longer period. The online service… Continue reading VAT Deferral New Payment Scheme

Monthly data on claims made by employers through the Coronavirus Job Retention Scheme is now available for December https://www.gov.uk/government/publications/employers-who-have-claimed-through-the-coronavirus-job-retention-scheme From February HMRC will also publish the following information: an indication of the value of the claim within a banded range the company number – for companies and Limited Liability Partnerships The banded ranges are: £1… Continue reading Employers who have claimed through the CJRS

The deadline for claiming the third SEISS grant is fast approaching. If you are eligible, you must make your claim on or before 29‌‌‌ ‌January 2021. As with the first and second SEISS grants, the third grant will be subject to Income Tax and self-employed National Insurance and must also be reported on your 2020-21 Self… Continue reading Self-Employment Income Support Scheme (SEISS)

How to claim You’ll need the Government Gateway user ID and password you got when you registered for PAYE online. You can claim before, during or after you process your payroll as long as your claim is submitted by the relevant claim deadline. You cannot submit your claim more than 14 days before your claim… Continue reading CJRS: How to Claim, When to Claim and Information Published

HMRC have updated their guidance, explaining how to treat certain expenses and benefits provided to employees during coronavirus (COVID-19) Find out about taxable expenses and benefits when they are paid to employees because of coronavirus and how to report them to HMRC Coronavirus (COVID-19) tests Personal Protective Equipment (PPE) Living accommodation Volunteer fuel and mileage… Continue reading Treatment of Expenses and Benefits Provided to Employees During Covid-19 Pandemic