How to claim As you prepare to make a claim, please note: • the online claim service will be launched on GOV.UK on 20 April 2020 – please do not try to access it before this date as it won’t be available • the only way to make a claim is online – the service…

The british banks have now got a list of the information that you will need if you want to apply for a Coronavirus Business Interruption Loan Scheme. Please see the link below. https://www.british-business-bank.co.uk/wp-content/uploads/2020/04/BBF_factsheet_-_lending_application_checklist-1.pdf

HMRC have advised that the online portal to furlough workers will be available by 20th April and the government have said that payments will be made by the end of April. This seems rather optimistic in our view, but let’s see. We have also received clarification with regard to directors being furloughed. We have already…

Following our recent post on issues relating to CBILS, we wanted to share with you an article from Accountancy Today yesterday relating to the Coronavirus Business Interruption Loan Scheme.

The Government has updated its Employee Job Retention Scheme pages with more details:- Eligible individuals who are not employees As well as employees, the grant can be claimed for any of the following groups, if they are paid via PAYE: office holders (including company directors) salaried members of Limited Liability Partnerships (LLPs) agency workers (including…

We have received a few queries regarding employees paid national minimum wage who are now being furloughed. Are they furloughed on the old rate or the new rate? And what about if their salary changed in March 2020 or was due to change as of April 2020? Here is what the government guidelines state: National…

We are trying to keep up to date with all the COVID-19 support available. There has been some criticism about how the banks seem to be making it very difficult for people to access the CBILS. If you are going to approach the bank to access CBILS, you will need to have the following ready…

In our post on 21st March 2020 we outlined some of the support available from the government due to the COVID-19 pandemic. If you have premises and are eligible for small business rate relief, you may be eligible for a grant. If your business is in Northumberland, you can apply for that grant now on…

There has been a huge raft of measures announced by the government over the last few days and weeks, in response to the COVID-19 virus. You could be forgiven for getting totally confused, clicking on links which lead to other pages and not being able to find your way round the online information available. There…

The Chancellor this afternoon anounced support for the self-employed through the Self-employment Income Support Scheme. The Self-employment Income Support Scheme (SEISS) will support self-employed individuals (including members of partnerships) who have lost income due to coronavirus (COVID-19). This scheme will allow you to claim a taxable grant worth 80% of your trading profits up to…