Covid-19 – Analysing the Recovery Loan Scheme

Budget 2021 announced a successor loan scheme to support UK business recovery. Earlier coronavirus (Covid-19) loans, like the Bounce Back loan, closed to applications on 31 March 2021. The new Recovery Loan Scheme (RLS) launched on 6 April 2021 and runs to 31 December...

Covid-19: How Do I Join the VAT Deferral New Payment Scheme?

The HMRC VAT Deferral New Payment Scheme is now open which enables VAT payments deferred between 20 March 2020 and 30 June 2020 to be paid in equal instalments – all instalments must be paid by the end of January 2022. You must ensure you have decided how to manage...

Self-Employment Income Support Scheme Fourth Grant (SEISS)

In the recent Budget, the Chancellor has set out further support for the self-employed. In addition to the upcoming fourth grant, there will also be a fifth SEISS grant covering the 5 months to 30 September 2021. The Chancellor has extended the scheme to include...

Changes to the Coronavirus Job Retention Scheme from July 2021

The Coronavirus Job Retention Scheme has been extended until 30 September 2021 and the level of grant available to employers under the scheme will stay the same until 30 June 2021. The current version of the furlough scheme that started on 1 November 2020 was...

Covid-19 – Government Support Update

Coronavirus Job Retention Scheme (CJRS) The CJRS has been extended until 30 April 2021. Claims for furlough days in January 2021 must be made by 15 February 2021. You can no longer submit claims for claim periods ending on or before 31 October 2020. HMRC has updated...

Small Firms in Line for Business Interruption Insurance Pay Out

The Financial Conduct Authority (FCA) has won its Court case to get insurers to pay out for business interruption due to the first lockdown in the spring of 2020. The Supreme Court says it “substantially allows” the appeal by the FCA and hospitality groups. The...