COVID-19 Resources
Information and resources for business owners and individuals
This hub is designed to help you keep up-to-date with the latest government announcements and to provide useful information for business owners and individuals on how COVID-19 may affect you and your business.
Remember to Declare Covid-19 Grants on Your Tax Return
HM Revenue and Customs (HMRC) is reminding Self-Assessment tax payers to declare any Covid-19 grant payments on their 2020 to 2021 Tax Return. These grants are taxable, and you should declare them on your 2020 to 2021 Tax Return before the deadline...
The Recovery Loan Scheme Has Been Extended – are you eligible?
With most of the Government’s Covid financial support schemes now closed, the Recovery Loan Scheme (RLS) has been a last route to funding for many Covid-impacted businesses. The RLS was scheduled to end on 31 December, putting a very final full...
2020/21 Income Tax Returns & the SEISS
Three grants worth up to £21,570 are taxable. A chunk of time has passed since the Self-Employed Income Support Scheme (SEISS) was launched in May 2020, following the onset of the COVID-19 pandemic. The first taxable grant, worth up to £7,500 in...
Self Employment Income Support Scheme: HMRC and Your Claim
As the Self-employment Income Support Scheme (SEISS) comes to a close, HMRC will continue to check claims rigorously. Reviewing Claims It is always preferable to approach HMRC with a disclosure, rather than wait for HMRC to discover potential...
The Basics of VAT for UK Businesses
An introduction to the main business tax. VAT is a business tax on the supply of goods and services. It is charged at varying rates depending on what is being supplied, who it is being supplied to and where it is being supplied to. But with Brexit,...
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...
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...
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...
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...
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