Legislation will be introduced to allow small and medium sized businesses and employers to reclaim Statutory Sick Pay (SSP) paid for sickness absence due to COVID-19. The eligibility criteria for the scheme will be as follows: The refund will cover up to 2 weeks’ SSP per eligible employee who has been off work because of COVID-19. The government will refund £94.25 per week, maximum £188.50, t…
Read MoreWe are in extraordinary times and we want to support you and your business as much as possible during this period. We’ve put together a business round-up with advice and updates on a number of key areas to help you navigate the confusion. We cover: Business Finance– VAT & Income Tax Payments Deferral– Business Interruption Loans– Job Retention Scheme– Statutory Sick Pay– Self-Employe…
Read MoreSupport for businesses through the Coronavirus Business Interruption Loan Scheme (CBILS) The new Coronavirus Business Interruption Loan Scheme supports SMEs with access to working capital (including loans, overdrafts, invoice finance and asset finance) of up to £5 million in value and for up to 6 years. The government will pay to cover the first 12 months of interest payments and any lender-levie…
Read MoreVAT Businesses will be supported by deferring VAT payments for 3 months. The deferral will apply from 20 March 2020 until 30 June 2020. All UK businesses are eligible. This is an automatic offer with no applications required. Businesses will not need to make a VAT payment during this period. Taxpayers will be given until the end of the 2020/2021 tax year to pay any liabilities that have accumulat…
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