COVID 19 News and Updates – UK
The Chancellor recognises the continued impact that COVID-19 has had on the self-employed and has taken action to provide support. The SEISS Grant Extension provides critical support to the self-employed.
The Kickstart Scheme provides funding to employers who create new 6-month job placements for young people who are currently on Universal Credit and at risk of long-term unemployment.
The Coronavirus Job Retention scheme (CJRS) is ending on 31 October 2020. For the final month of CJRS, the government will pay 60% of wages up to a cap of £1,875 for the hours the employee is on furlough.
Urgent Action now required to apply for Grants and other funding administered by The Arts Council England, The British Film Institute, National Lottery Heritage Fund and Historic England (Last updated 30 July 2020) On 5 July 2020,
Rishi Sunak, the Chancellor of the Exchequer, has today announced a reduction in SDLT (tax that is due on the buyer of property) on all residential property purchases with a value of no more than £500,000. The change is effect
• CJRS closes to new entrants on 30 June. • Given the minimum furlough period, if Employers are yet to make a claim under CJRS and they wish to do so going forward under the new scheme “CJRS2” then they have until 10 June to notify staff so that their period of furlough can commence in time. • For Employers who have previously made a claim under CJRS, they too have until 10 June to notify any employee not previously furloughed, if they wish for that employee to be eligible under CJRS2.
The Coronavirus Bounce Back Loan has been designed for small and medium-sized businesses enabling them to borrow between £2,000 and £50,000 (capped at 25% of turnover) with the Government taking on 100% of the risk.
Finding Financial Support The Government has launched an on-line tool to help both Companies and the self-employed find details of the loans, tax relief and grants they may be eligible for. The business Support Finder can be found at the following web page Click Here.
In response to Covid-19 the Government announced there would be support made available for small businesses, and businesses in the retail, hospitality and leisure sectors. This support will take the form of two grant funding schemes, the Small Business Grant Fund (SBGF) and the Retail, Hospitality and Leisure Grant Fund (RHLG). Small Business Grant Fund