In the latest Budget, the Government announced details of who can claim the fourth SEISS grant and the level that claims can will be paid out at.  Some significant changes have been introduced for the fourth grant, please take a moment to consider them:   If You Already Qualified For The Third Grant The fourth SEISS grant will be set at 80% of 3 months’ average tra...

The Coronavirus Business Interruption Loan Scheme (CBILS) set to close for applications at the end of March 2021. If you intend to make an application for a CBILS loan you must ensure that your Bank / chosen financier has lodged your application by 31st March 2021. If your claim is not acknowledged by the Bank by that date, you will no longer be eligible for the scheme – so there ...

Claims for the third SEISS grant must be submitted by 29 January 2021.  The timing of the deadline for claims for the third Self Employment Income Support Scheme (SEISS) grant is perhaps unfortunate, clashing as it does with the self assessment filing deadline.  Some additional considerations were introduced for the third grant, please take a moment to consider them:   The ...

As the deadline looms for VAT deferred between 20 March and 30 June 2020 to be paid, we detail below the options that you currently have to settle the liability. Essentially, you can pay now or get ready to opt in to the VAT deferral new payment scheme   What Are My Options? If you deferred VAT between 20 March and 30 June 2020 and still have payments to make, you can: ...

Quite aside from how your Family Christmas plans have been affected by COVID-19 , the Chancellor has been busy trying to put stepping stones in place to support business contend with tough conditions for what seems likely to continue for some months to come   Coronavirus Job Retention Extended Again In a surprise move, the Chancellor has announced that the Coronavirus Job Retention ...

As the year draws to a close, the Government has recently announced that it will extend some temporary provisions in the Corporate Insolvency and Governance Act, as well as reinstate one that had already lapsed. Extension of Temporary Suspension of Statutory Demands and Winding-Up Petitions The Government announced on 9 December that it will extend the temporary suspension of statu...

– Third SEISS Grant introduces “significantly reduced profits” test…. The eligibility criteria for the third SEISS grant have been further tightened, as the guidance for the third Self-employment Income Support Scheme (SEISS) grant has been published, less than one week before the portal opens for claims from 30 November 2020. On the eve of clients preparing to make a claim, we loo...