Covid-19 Financial Update

Business Interruption Action Steps (BIAS) Update as at 08/02/2021 1. Business Bounce Back Loans (BBL) Information released by the government today around business bounce back loans to help with repayments. If you have an outstanding loan , you can now apply for the following if required; Extend the length of the loan from six years to ten Make interest-only payments …

Business Bounce Back Loan Scheme (BBLS)

Application deadlines for Government Loan Schemes are extended until the end of November 2020. Bounce Back Loans can be extended from 6 to 10 years. Interest-only periods of up to 6 months and payment holidays will also be available. Coronavirus Bounce Back Loan – Open 4th May 2020 The Bounce Back Loan scheme will help small and medium-sized businesses to …

Self-Employed Income Support Scheme – Covid19

UPDATE – 26th January 2021 The fourth SEISS grant Information about the fourth SEISS grant will be provided on 3‌‌‌ ‌March 2021. UPDATE – 30th November 2020 Applications are now open for the third SEISS grant to support self-employed people affected by coronavirus (COVID-19). Be aware that, like SEISS 1 and 2, tax agents cannot claim this grant on behalf …

Importing Goods

Importing Goods & Duty Deferment

From the 01 January 2021, when the transition period ended for the UK leaving the EU, the place of supply of freight transport and associated services changed. Previously the zero-rate applied in respect of transport into and out of the EU. Now it applies in respect of transport into and out of the UK. When looking at the VAT treatment …

EU Trade

Economic Operator Registration and Identification (EORI) Scheme – BREXIT

Important: From 1 January 2021, you’ll need an EORI number that starts with GB to move goods in or out of the UK. The Economic Operator Registration and Identification (EORI) Scheme is a European Union (EU) initiative that helps traders communicate with customs officials when they are importing and exporting goods. Importers and exporters are able to register for an EORI …

employees

Coronavirus Job Retention Scheme – CJRS

Update 17/12/2020 The furlough scheme has been extended until the end of April 2021 with the government continuing to contribute 80% towards wages. Previously running from 1st November 2020 to 31st March 2021. Same rules as per 04/11/2020 still apply.   Update 04/11/2020 CJRS has been extended from 1st November 2020 and will over rule the JSS that was meant …

Forced Closure Covid Grant – November 2020

FINANCIAL SUPPORT FOR BUSINESSES REQUIRED TO CLOSE BY GOVERNMENT OR SEVERELY IMPACTED BY LOCAL RESTRICTIONS Following recent announcements by the Prime Minister and the Chancellor in response to the COVID – 19 virus pandemic the government is providing further grant support to ratepayers who have responsibility for business rates at certain eligible hereditaments. The National Restrictions Support Grant applies from …

Team

Job Support Scheme – JSS

Update 4th November 2020: JSS HAS BEEN PUT ON HOLD UNTIL CJRS IS OVER. Update 26th October 2020: Introduction There have been further developments to the Job Support Scheme (JSS) since our last update on the 7th October (below). In a nutshell Employees will still be paid at least 73% of their usual salary when short time working, Employers will …