COVID 19 News and Updates – UK
If you deferred VAT payments due between 20 March and 30 June 2020 and still have payments to make and cannot afford to pay by 31 March 2021 you can now join the online VAT Deferral New Payment Scheme to spread the payment.
The Government has announced the launch on 6 April 2021 of a new support scheme called the Recovery Loan Scheme. Details of how the Scheme is to operate are still to be released, however, we understand that the aim of the Scheme
The Government has announced that the Self-Employment Income Support Scheme (SEISS) will continue until September with a fourth and fifth grant. The fourth and fifth grants will take into account submitted 2019-20 tax returns.
What We Know The Government announced on 2 November 2020 that it will double the level of financial support for self-employed workers in November during the second coronavirus lockdown in England.
As part of the Government Support Package to deal with the COVID-19 pandemic, HMRC have announced earlier this year that: The July 2020 Payment on Account may be deferred until 31 January 2021. This in an automatic offer with no
On 20 March the Government announced that VAT payments would be deferred for a period of three months. The deferral: Was available to all UK VAT registered businesses (including non-established taxable persons); Applied to payments due bet
Following the lockdown measures announced by the Government on 31 October 2020 that are due to take effect on 5 November, the Government has announced that it will provide financial support via grants for those businesses that are required
What We Know Following the lockdown measures announced by the Government on 31 October 2020 that are due to take eff ect on 5 November, the Coronavirus Job Retention Scheme (“CJRS”) which was due to end on 31 October 2020, will be extended until December. The Job Support Scheme which was due to take effect from 1 November has now been postponed.
The Job Support Scheme is designed to protect viable jobs in businesses who are facing lower demand over the winter months due to Covid-19, to help keep their employees attached to the workforce.