07 Sep 2020

Small businesses in England are able to benefit from a new tranche of government grants designed to help them recover from the impact of coronavirus through professional advice - including guidance from accountants. The scheme will dispense grants of between £1,000 - £5,000 to small and medium-sized businesses from an overall fund of £20m to help them access professional services advi...

07 Sep 2020

The Coronavirus Business Interruption Loan Scheme (CBILS) is currently set to close for applications at the end of September 2020. Whilst formal Government announcements are still to materialise, it is our understanding that the Scheme will close for applications this month – and that Banks are working upon the understanding that they will need to have their credit function approve th...

22 Aug 2020

HMRC has stepped up its compliance activity on Coronavirus Job Retention Scheme grants, writing to employers who may need to repay some or all of their claim. We understand that HMRC has been risk assessing the Coronavirus Job Retention Scheme (CJRS) applications in real time but is now starting the next phase of its compliance activity, writing this week to about 3,000 employers it b...

20 Aug 2020

Millions of self-employed people whose livelihoods continue to be affected by coronavirus are now able to claim a second payment of up to £6,570 from today. If you want to know more detail about the Scheme, follow this link: https://www.gov.uk/government/news/million-of-self-employed-to-benefit-from-second-stage-of-support-scheme   Introduction If you are self employ...

08 Jul 2020

Clock Vintage Old Time Retro  - Bakinbardi / Pixabay
Claims for the first Self-employment Income Support (SEISS) grant must be made by Monday 13 July.   Deadline for Self Employment Income Support Claim Businesses which have been adversely affected by Covid-19 and are eligible to make a claim under the first SEISS grant must do so by 13 July 2020. This deadline will be rigidly enforced, and after that date you will only ...

29 Jun 2020

As part of the government’s support for businesses during COVID-19, HMRC gave businesses the option of deferring their VAT payments if they were unable to pay on time, without incurring late payment interest or penalties. Payment of VAT falling due between 20‌‌ March and 30‌‌ June 2020 was capable of deferral until 31‌‌ March 2021. It is important to recognise that the window is NOW C...

10 Jun 2020

Don’t miss 10 June deadline for furlough Employers are reminded that 10 June is the last date for starting furlough for staff to claim a grant under the Coronavirus Job Retention Scheme (CJRS). On 30 June the Job Retention Scheme will close to employees who have not been furloughed for a three-week period under the Scheme. This means today is the last day that you can seek to furlo...

01 Jun 2020

On Friday 29th May, the Government set out further clarification of how the Job Retention Scheme is to be amended in the coming months, in order to support businesses returning staff back to work. The update features improved flexibility to bring furloughed employees back part time from July, and a new taper requiring employers to contribute modestly to furloughed salaries from August...

Barrons has put together a helpful guide to running your business during the coronavirus crisis.