COVID-19: Sunak announces new job support scheme

The new job support scheme will commence on 1 November lasting six months, with the aim of protecting viable jobs in businesses who are facing lower demand over the winter months due to Covid-19.  The replacement for the furlough scheme is intended to support people who are in work so they continue on shorter hours […]

Extension of self-employment income support scheme (SEISS)

The scheme will be extended to support viable traders who are facing reduced demand over the winter months, covering 20% of average monthly trading profits via a government grant. The initial lump sum will cover three months’ worth of profits for the period from November to the end of January next year.  This is worth […]

New payment scheme for VAT and self-assessment payments

Those businesses who deferred their VAT bills will be given the option to pay back in smaller instalments.  Rather than paying a lump sum in full at the end of March next year, they will be able to make 11 smaller interest-free payments during the 2021-22 financial year. On top of this, self-assessment taxpayers will […]