The Chancellor, Rishi Sunak, has announced three important updates to the Job Retention Scheme. Firstly, the concept of flexible furloughing has been brought forward by a month to 1st July 2020. This will enable businesses to bring furloughed employees back to work on a part-time basis. It will be left for the individual […]
At CooperFaure, we are nearing the tenth week of switching to a remote working model with the team working from home since the office was closed in response to COVID-19 on 16th March . We know that that this is the case for millions of employees up and down the country. There is a cost […]
HMRC has announced that the application process for the Future Fund will go live from Wednesday 20th May initially until the end of September 2020. The Future Fund is designed to provide government loans to UK-based companies ranging from £125,000 to £5 million, subject to at least equal match funding from private investors. The key […]
HMRC has announced that the application process for the Self-Employment Income Support Scheme will go live from today. The scheme is open to a self-employed individual or a member of a partnership who: traded in the tax year 2018-19 and submitted their Self-Assessment tax return on or before 23rd April 2020 for that year; traded […]
Over the weekend, the government announced that they had been in discussions with local authorities in England to provide additional support for certain small businesses previously outside the scope of the business grant funds scheme through a discretionary fund. This will be via a 5% uplift to the £12.33 billion funding previously announced for the […]
The Bounce Back Loan Scheme goes live today and the British Business Bank have published more detailed guidance. The main eligibility criteria for a business are: it is engaged in trading or commercial activity in the UK and was established by 1st March 2020; it is not registered as a business in difficulty at 31st […]
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