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...
Nigel Holland As Accountants we have received the following advice from HMRC on how clients should make their claim ” It is important that self employed businesses, not limited companies, follow the advice below in order to receive the grant they deserve. They...
The ICAEW have issued further guidance on the Coronavirus Job retention scheme, the link to this guidance is:https://www.icaew.com/insights/viewpoints-on-the-news/2020/mar-2020/coronavirus-job-retention-scheme-furlough-guidance The text of the ICAEW guidance is...
HMRC have issued the following guidance on the Coronavirus Self-employment income support scheme, the link to this guidance is: The text of the HMRC guidance is replicated below for your reference and is subject to further clarity from the...
Updated March 27: The UK government is supporting businesses during the coronavirus pandemic by deferring VAT and self-assessment payments. ICAEW’s Tax Faculty outlines how the proposed action will work. Updated 27 March: Following clarifications from HMRC. Under the...
