skip to navigationskip to main content

Coronavirus – Bounce Back Loans – BBLS

Having received some criticism for the CBILS scheme the Government have launched the Bounce Back Loan Scheme for small businesses. The BBLS offers a 6 year loan with an interest rate of 2.5% for the term, and importantly, for the first 12 months there are no repayments to be made and the Government are paying…Read More

Coronavirus – Self-Employment Income Support Scheme – almost here

From Monday 4th May HMRC will be commencing contact of self-employed people who are eligible to make a claim under the SEISS scheme. The claims system will be open for applications from 13th May for those eligible and HMRC are promising a payment by 25th May or within 6 working days for qualifying applicants. Details…Read More

CORONAVIRUS – Job Retention Scheme – further information

Although there is still no portal via which to make a claim yet, there have been some clarifications issued by HMRC on the details of the Job Retention Scheme, the primary updates are: Company directors can be furloughed and still carry out their ‘statutory duties’. They should not however “do work of a kind they…Read More

CORONAVIRIS – Self-Employed Income Support (26\3\20)

The Chancellor has announced a scheme to support the self-employed. The government will pay self-employed people, who have been adversely affected by the coronavirus, a taxable grant worth 80% of their average monthly profits over the last 3 years, up to £2,500 per month. If there are not three years available then they will look…Read More