VAT – Deferral of Payments Due

VAT – Deferral of Payments Due

The VAT deferral means that all businesses with a UK VAT registration have the option to defer VAT payments due between 20 March and 30 June 2020. Businesses have until 31 March 2021 to pay any VAT deferred as a result of this announcement. HMRC will not charge any...
COVID 19 – The job rentention scheme

COVID 19 – The job rentention scheme

The government has announced a range of extraordinary measures to try and prop up the UK economy and safeguard jobs during the COVID-19 lockdown. There are business interruption loan schemes to help firms secure funding, VAT deferrals to aid cashflow issues and...
Government backed loan for small business

Government backed loan for small business

Government announced Bounce Back Loan scheme to help small and medium-sized businesses to borrow between £2,000 and £50,000. The government will guarantee 100% of the loan and there won’t be any fees or interest to pay for the first 12 months. The Loan terms will be...