COVID 19 - 100% Government backed loans for small business
The Bounce Back Loan scheme will help small and medium-sized businesses to borrow between £2,000 and £50,000.
Archive
April 2020
This scheme is available on 4 May 2020.
Coronavirus Business Interuption loan Scheme (CBILS)
Coronavirus Business Interuption loan Scheme (CBILS)
29 April 2020: the UK’s seven largest small business lenders have relaxed evidence requirements for applications to the existing Coronavirus Business Interruption Loan Scheme.
Click Read More for details:COVID-19 Business Support Finder Tool
HMRC have released a business support finder to easily find what support is avilable for your business:
Click Read More for further details.Coronavirus: Scams: Please be vigilant
Scammers are using the Coroavirus (COVID-19) to try and steel money or valuable personal information or to get access to your computer or network. Please be vigilant.
PRESS READ MORE for further help and guidance
PRESS READ MORE for further help and guidance
Coronavirus employee furlough scheme extended to the end of June
Coronavirus Job Retention Scheme extended by one month to reflect continuing social distancing measures.
VAT Direct Debit Cancellation
VAT DEFERRAL:
Please cancel your VAT Direct Debit to take advantage of the deferral.
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 and be given until 31/03/2021 to pay any liabilities that have been accumulated during the deferral period.
- VAT Refunds and reclaims will be paid as normal
COVID-19 Summary Of Business Support Measures
COVID-19: Summary Of Help Available
- Business Rates
- Statutory Sick Pay
- Time to pay helpline for HMRC liabilities (PAYE, corporation tax, personal tax due etc)
- VAT and Income Tax Deferral
- Job Retention Scheme (Covers 80% of eligible wages) - Includes people trading as limited companies and who are on the payroll
- Government backed loans – To keep cash flow moving until the grants, job retention scheme is up and running
- Self employed Universal Credit Claim
- Self employed support scheme - Sole traders and partnerships
- Mortgage and Rent holidays
