Bounce Back loans sum to over £46 billion

Since the coronavirus (COVID-19) support scheme was launched last May, more than 1.5 million Bounce Back loans have been taken out. According to the Treasury, borrowing by businesses is now over £46 billion. The Coronavirus Recovery Loan Scheme is set to replace the...

£1.5 billion fund for business rates relief

Business rates relief is to be extended with a £1.5 billion fund targeted at those businesses unable to benefit from the current coronavirus (COVID-19) support. As part of a 15 month-long relief which runs to the end on June this year retail, hospitality and leisure...

HMRC will accept appeals for late tax returns in bulk due to pandemic

HMRC has announced that tax agents and accountants will be able to send bulk appeals against late filing penalties for tax returns filed after 28 February, if the reason for late filing is due to the COVID-19 pandemic. This comes after HMRC said that penalty notice...

COVID-19: What help is being provided?

Businesses Support for businesses paying sick pay Legislation is to be brought forward to allow small and medium sized businesses and employers to reclaim Statutory Sick Pay (SSP) paid for sickness due to COVID-19. The eligibility criteria for this scheme is: this...