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COVID-19 Updates

Foxley Kingham News

    Coronavirus Job Retention Scheme Update

    HMRC have issued updated guidance on how to calculate the 80% of furloughed employees wages to claim through the Coronavirus Job Retention Scheme, including a step by step guide.

    Cash flow forecast tool

    Use our cash flow forecast tool to support your applications for business support

    Scheme expanded – (“CBILS”) Coronavirus Business Interruption Loan Scheme

    CBILS features and eligibility criteria has been significantly expanded with effect from 6th April. These changes mean even more smaller businesses across the UK can access the funding they need. This includes access for smaller businesses who have been previously met the requirements but not been eligible for CBILS.

    Self-Employed Income Support Scheme

    The Chancellor, Rishi Sunak confirmed that the self-employed could be eligible for a taxable grant worth 80% of their average monthly profits of the past three years, up to £2,500 per month, broadly aligning the scheme with the Job Retention Scheme for the employed.

    HMRC Time To Pay Scheme

    In last week’s Budget, the Chancellor announced that any business which is in financial distress as a result of coronavirus (COVID-19) can seek assistance with payment of its tax liabilities by using the Time To Pay scheme (TTP).

    Coronavirus Support for Business

    With the headlines dominated by COVID-19 the government have announced a package of measures to support businesses

    Coronavirus Job Retention Scheme

    Under the Coronavirus Job Retention Scheme, all UK employers will be able to access support to continue paying part of their employees’ salary for those employees that would otherwise have been laid off during this crisis.

    Coronavirus: Companies House extending filing deadlines

    Coronavirus: Companies House extending filing deadlines 19 March 2020 Due to the current public health situation and the impact of Coronavirus on companies (e.g. self-isolating), Companies House is now granting those who apply, a two month extension to file company...

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