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Filter bySort byJob Support SchemePosted on: 2nd October 2020The existing job support scheme, the furlough scheme, comes to an end on 31 October. As part of the Winter Economy Plan the government announced it will be introducing a new Job Support Scheme from…Winter Economy Plan support for the self-employedPosted on: 2nd October 2020As part of the Winter Economy Plan the Self-Employment Income Support Scheme (SEISS) will be extended under the name SEISS Grant Extension. The grant: will be limited to self-employed individuals who are currently eligible for…VAT deferral and enhanced Time to Pay for self assessmentPosted on: 2nd October 2020Over half a million businesses deferred VAT payments, which were due in March to June 2020, with these payments becoming due at the end of March 2021. As part of the Winter Economy Plan the…Changes to the Bounce Back Loan and Coronavirus Business Interruption Loan SchemesPosted on: 2nd October 2020The Bounce Back Loan Scheme (BBLS) has provided support to many UK-based small businesses. Loans are between £2,000 and £50,000, capped at 25% of turnover, with a 100% government guarantee to the lender. The borrower…The VAT reverse chargePosted on: 2nd October 2020HMRC has issued detailed guidance on the domestic reverse charge changes scheduled for 1 March 2021. The reverse charge represents part of a government clampdown on VAT fraud. Large amounts of VAT are lost through…
