Update from Prime Minister 20/03
Pubs, restaurants, cafes and clubs to be closed- they can continue to provide take away if they can/do
Gyms, leisure facilities and theatres to also close
Coronavirus job retention scheme - any employer in the country - you can contact HMRC to cover ‘most’ of wages, helping to retain jobs and paying employees around 80% of wages up to £2,500 a month dating back to 1st March.
First grants to be paid within weeks.
Business interruption loan scheme previously released now Interest fee for 12 months instead of 6 months - these will be available as of Monday.
Cash flow support through tax system - delay to next quarter of VAT payments.
Self employed can now access Universal Credit that is the same as SSP for employees (£94.25 per week)
Increasing Universal Credit & Working Tax to the standard allowance by £1000 a year
Self employed - next self assessment payment to be deferred to (January?) 2021
- Self assessment will be deferred to 2021