Bounce Back Loan Scheme

The Bounce Back Loan Scheme was announced by the Chancellor on 27 April after some pressure from small businesses who were unable to access the Coronavirus Business Interruption Loan scheme (CBILS), backed by small business organisations like the FSB. The new scheme...

Coronavirus Job Retention Scheme update

There is much confusion about the Coronavirus Job retention scheme and the terms under which it can be operated.  The questions that need clarifying are: What is a furloughed workerDoes it apply to directors tooHow much do I need to pay themWhat do I declare to...

Coronavirus VAT and tax deferral

One of the announcements that was less publicised yesterday with the introduction of the Coronavirus job retention scheme was the Coronavirus VAT and tax deferral scheme.  Payment will be expected in due course but it gives some breathing space and potentially some...

Coronavirus job retention scheme

In a massive boost for employers and employees the government has announced direct funding for employers to retain their staff on the payroll the Coronavirus job retention scheme, and this includes bringing back people already laid off or made redundant.  The...

Coronavirus what is the government doing

With the current situation businesses and individuals are asking about coronavirus what is the government doing. Clients are receiving email updates and the text of these has been added below: 19 March There was nothing significant in the press release on 17 March,...