The Government have confirmed that commercial tenants who can not pay their rent because of COVID-19 will be protected from eviction.
The Government have announced that the option to defer the second tax payment on account, due on 31 July 2020, is available to all self assessment tax payers.
The Government announced yesterday, 26 March 2020, the introduction of the self-employment Income Support Scheme. This scheme is to provide financial help to self-employed individuals, including members of a partnership, who have lost income due to the coronavirus.
All UK businesses are eligible to defer VAT payments for 3 months if required in the period 20 March 2020 until 30 June 2020.
Due to the disruption caused by COVID-19 and uncertain times facing businesses, Companies House have made some measures to help ease the burden regarding the filing of accounts.
All businesses and self-employed people in financial distress, and with outstanding tax liabilities, may be eligible to receive support with their tax affairs through HMRC’s ‘Time To Pay’ service.
A new temporary Coronavirus Business Interruption Loan Scheme, delivered by the British Business Bank, will launch this week to support primarily small and medium-sized businesses to access bank lending and overdrafts.
In view of the challenges and disruption resulting from the Coronavirus (COVID-19) pandemic, we would like to wish you well and update you on our plans to minimise disruption to the services we provide.
Taken from City AmChief treasury secretary Steve Barclay this evening announced that the IR35 tax reforms would be pushed back by one year, less than a week after the controversial measures were confirmed in the Budget.
This was a budget delivered by a new Chancellor against the backdrop of a worsening COVID-19 crisis and recent economic shocks, and as a result the speech was probably very different to the one that was being prepared only a few weeks ago.