UK Finance has warned small businesses to consider their ability to repay a Bounce Back Loan before taking one out. They warned businesses after the publication of Treasury figures highlighting the popularity of the Bounce Back Loan Scheme. The scheme allows small businesses to apply for up to £50,000, with the government guaranteeing 100%...
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The government has announced a 100% government-backed Bounce Back Loan Scheme for small business to help them make it through the coronavirus outbreak. What does the new Small Business Bounce Back Loan actually mean for small businesses? Chancellor Rishi Sunak announced a new government-backed loan to support small businesses on Monday 27th April. The...
Lenders have given over 1.6 million mortgage payment holidays to support customers impacted by Coronavirus, UK Finance revealed. Payment holidays are now covering 1/7 mortgages following lenders’ steps to help households. Coronavirus crisis has affected the finances of homeowners badly. For the average mortgage holder, the payment holiday amounts to £755 per month of...
HMRC and the Treasury have extended their tax policy consultation deadlines. They have set out revised timelines for tax policy consultation and other work in the light of the current Covid-19 crisis. Government has extended the deadlines in order to allow more time for feedback but has declared that all planned reforms will still go...
ONS held a survey on Business Impact of COVID-19 Survey for the period 23 March to 5 April 2020. Respondents were asked to respond to the questions between 6 April and 12 April 2020. The questions were based on their experiences from 23 March to 5 April 2020. Office for National Statistics (ONS) has revealed...
The chancellor has expanded the government-backed Coronavirus Large Business Interruption Loan Scheme to cover all viable firms. Ahead of the scheme’s launch on Monday (April 20), Sunak unveils the final details of Coronavirus Large Business Interruption Loan Scheme. Who is eligible for the Coronavirus Large Business Loan Scheme? all viable businesses with turnover of more...
Uinsure has launched a new Covid-19 initiative to support mortgage advisors and their clients in these unprecedented times. They are offering two years commission upfront for advisers as part of a new Covid-19 support initiative. Uinsure will also pay any policy cancellation fees for clients. Uinsure says remortgages and product transfers are still proceeding....
The Melton Building Society is launching its new desktop valuation service for mortgages up to 90% loan-to-value. On the other hand, Swansea Building Society has increased its use of “drive-by” inspections. From tomorrow, Melton will allow desktop valuations on all cases that meet these criteria apart from new-builds. The new service will also be...
HMRC has confirmed it will not charge late filing penalties for capital gains tax (CGT) payment on disposals of UK residential property by UK residents made by 31 July 2020. The announcement came in a question and answer factsheet shared with ICAEW’s Tax Faculty. The gov.uk has not published the information yet but HMRC has...
On Wednesday 08 April, the Chancellor announced £750 million to support for the charity sector in response to coronavirus. The funding package announced by the Chancellor include cash grants, which will be supplied to charities that provide key services during the crisis. Support for small, local charities Scheme declared £370 million to support small,...
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Leeds: 94 Street Lane, Leeds
Batley: 504B Bradford Road, WF17 5JY
Bradford: 370A Otley Road, Bradford, BD2 4QR
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London: 180 King's Cross Rd, London, WC1X 9DE
Batley: 504B Bradford Road, WF17 5JY
Bradford: 370A Otley Road, Bradford, BD2 4QR
Birmingham: 9 Sheaf Lane, Coventry Road, Birmingham
London: 180 King's Cross Rd, London, WC1X 9DE
OUR LOCATIONSWhere to find us
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