HM Revenue & Customs (HMRC) will start contacting individuals who may be eligible for the Self-Employment Income Support Scheme (SEISS). The tax authority has said that from 4 May 2020 onwards it will begin reaching out to those who can benefit from the scheme, which will provide a taxable grant worth 80 per cent of…
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Bounce Back Loan scheme is now live – apply today
The Government’s new Bounce Back Loan scheme (BBLS) has now gone live online and is open for applications. This new scheme is aimed specifically at small to medium-sized businesses looking to borrow a smaller amount to assist them with cash flow and other issues. Key Features Businesses can borrow up to 25 per cent of…
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Zero-rate of VAT applied to sales of PPE from today
The tax on personal protective equipment purchased by care homes, businesses, charities and individuals will be cut from today, it has been announced.
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Businesses who defer VAT payments should continue to file returns as usual, says HMRC
Businesses who have deferred VAT payments until the end of June 2020 should continue to file Making Tax Digital (MTD) returns as normal, the regulator has confirmed.
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Bounce Back Loans scheme for small businesses
The Chancellor has announced a new loans measure, known as the Bounce Back Loans Scheme (BBLS), which will allow small businesses to borrow up to 25 per cent of their turnover, up to a maximum of £50,000. The BBLS will be 100% backed by a Government guarantee, unlike the Coronavirus Business Interruption Loan scheme (CBILS)…
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Are you eligible for the Self-Employment Income Support Scheme (SEISS)?
Find out if you are eligible and how to obtain the taxable grant worth 80 per cent of your taxable trading profits. Click here to download our PDF guidance.
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