COVID 19 News and Updates – UK

Summary of Government changes produced by Prager Metis LLP – 9 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

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Summary of Government changes produced by Prager Metis LLP – 9 July 20202020-07-09T15:27:11-04:00

Coronavirus Job Retention Scheme

• 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.

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Coronavirus Job Retention Scheme2020-06-08T12:56:44-04:00

Summary of Government Support produced by Prager Metis LLP –Last updated 29 April 2020

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. 

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Summary of Government Support produced by Prager Metis LLP –Last updated 29 April 20202020-05-04T14:54:06-04:00

Summary of Government Support produced by Prager Metis LLP – Last updated 4 May 2020

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.

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Summary of Government Support produced by Prager Metis LLP – Last updated 4 May 20202020-05-04T14:52:02-04:00

Government Grant Funding Schemes

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

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Government Grant Funding Schemes2020-04-09T13:53:52-04:00