by Admin | 5 Jun 2020 | Uncategorized
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,...
by Admin | 28 Apr 2020 | Uncategorized
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...
by Admin | 21 Apr 2020 | Uncategorized
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...
by Admin | 15 Apr 2020 | Uncategorized
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...
by Admin | 6 Apr 2020 | Uncategorized
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...
by Admin | 30 Mar 2020 | Uncategorized
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...
