HMRC’s VAT deferral scheme is ending

The VAT payment deferral period ends on 30 June 2020, in other words for VAT quarters ending 31 May 2020. This means you’ll need to: set-up cancelled direct debits in enough time for HMRC to take payment submit VAT returns as normal, and on time pay the VAT in full on...

Furlough extended to end of October

Rishi Sunak has announced the Coronavirus Job Retention Scheme will be extended for four months, until the end of October 2020. Until the end of July, there are no changes. From August to October 2020, the scheme continues on the basis furloughed employees can be...

Bounce Back Loan

The Bounce Back Loan scheme will help small and medium-sized businesses to borrow between £2,000 and £50,000. The government will guarantee 100% of the loan and there won’t be any fees or interest to pay for the first 12 months. Loan terms will be up to 6 years. No...