Topping partnership blog

Updates from 1 June On Friday 29 May, Chancellor Rishi Sunak announced a “second and final grant” under the self-employed income support scheme, with applications to open in August. The second grant will cover 70% of average monthly trading profits for three months,...

Chancellor Rishi Sunak announced a new micro-loan scheme called Bounce Back Loans, which offers loans of 25% of a business’s turnover, up to a maximum of £50,000, with the Government paying 100% of the interest for the first twelve months. Sunak promised there will be...

A new scheme to support startups, called the Future Fund, was announced by Chancellor Rishi Sunak yesterday, 19 April. The £1.25 billion fund is designed to help firms not eligible for funding through existing coronavirus support schemes. It will provide loans to...

Self -employed   HMRC have published further guidance on help for the self-employed:   https://www.gov.uk/guidance/claim-a-grant-through-the-coronavirus-covid-19-self-employment-income-support-scheme   HMRC aim to contact those to whom it applies by Mid May, and make...

Updates from 3 April The coronavirus business interruption loan scheme for struggling businesses has been revamped. In addition to the previous offering, it will offer state-backed loans of up to £25 million for larger firms with turnover of between £45m and £500m. UK...

Full guidance has now been published setting out how businesses can claim through the coronavirus job retention scheme. Some key details are as follows: Only employers that created and started a PAYE payroll scheme on or before 28 February 2020 are eligible. The...

26 March: Support for self-employed people, at last Having been under pressure for the past week, Chancellor Rishi Sunak has announced measures to support self-employed people whose earnings have been affected by the coronavirus outbreak. Self-employed income support...

Updates from Wednesday 25 March Further to the news below that Companies House would automatically be giving those who need it a two-month extension on filing their accounts, the Government has now confirmed an automatic three-month extension for businesses that need...

The government has today updated their guidance for support for businesses. The guidance gives further details regarding eligibility and how to access the various schemes:  ...

The government has issued updated information on support provided to businesses, please see the link below :  https://www.gov.uk/government/publications/guidance-to-employers-and-businesses-about-covid-19/covid-19-support-for-businesses  Please read the information in...