Business groups, including CBI, FSB, BCC showed their reaction to the Chancellor’s announcement of the expansion of the Coronavirus Business Interruption Loan Scheme (CBILS). The Chancellor announced that the CBILS has been extended ‘so more small businesses can benefit’, and not just those unable to secure regular commercial financing. Additionally, Mr Sunak announced a...
HomeCategory
Coronavirus News
Rishi Sunak has taken further action to support firms affected by Coronavirus. He has revised the Coronavirus Business Interruption Loan Scheme (CBILS) and announced a new scheme for larger companies. The expanded CBILS will be offered by lenders from Friday 3 April 2020 and operational from Monday 6 April 2020. Friday, 3 April, Chancellor...
The Coronavirus Statutory Sick Pay Rebate Scheme will repay employers the current rate of SSP that they pay to current or former employees for periods of sickness starting on or after 13 March 2020. The employer who pays more than the current rate of SSP can only claim the current rate amount. The repayment will...
HMRC has announced temporary changes to the VAT payments due between 20 March 2020 and 30 June 2020 to help businesses manage their cash flow. Businesses that have been affected by the COVID-19 pandemic and are seeking to make use of the VAT deferral have been urged to cancel their direct debits ‘as...
The government has made some changes to the support available through working tax credits and universal credit which will provide some help to the self-employed. Increases in the standard rates The standard rate for universal credit and tax credits will both increase by £20 a week for one year from 6 April 2020. This increase...
Struggling self-employed people will have to wait for the Government to come up with a “deliverable and fair” coronavirus support package, Chancellor Rishi Sunak has said. Boris Johnson’s Government has come under sustained pressure to provide financial help for self-employed workers, who face a dramatic loss of income if forced to take time off for...
You can claim a grant through the coronavirus (COVID-19) Self-employment Income Support Scheme. Use this scheme if you’re self-employed or a member of a partnership and have lost income due to coronavirus. This scheme will allow you to claim a taxable grant worth 80% of your trading profits up to a maximum of £2,500 per...
Chancellor Rishi Sunak has announced an extraordinary Coronavirus wage bailout fund to support UK workers hit by Coronavirus crisis. The government will pay up to 80%, or £2,500, of the salaries of British workers affected by Covid-19 in a major wage bailout. Mr Sunak stated in a speech: “Employers will be able to contact...
Offices
OUR LOCATIONSWhere to find us
CareAccountancyOffices
Leeds: 94 Street Lane, Leeds
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
Reading:9 Greyfriars Road, Reading, Berkshire, RG1 1NU
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
Reading:9 Greyfriars Road, Reading, Berkshire, RG1 1NU
OUR LOCATIONSWhere to find us
GET IN TOUCHCare Accountancy Social Links
Copyright by CareAccountancy. All rights reserved.
Copyright by CareAccountancy. All rights reserved.