4 May

COVID-19 – Business Support – The Key Terms For The Bounce Back Loan Scheme Goes Live Today

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 […]

27 April

COVID-19 – Business Support – New Bounce Back Loan Scheme With 100% Government Guarantee Available From Monday 4th May

The Chancellor, Rishi Sunak, has updated the House of Commons today on the Government’s economic response to COVID-19.   As part of the statement, he announced a new Bounce Back Loan Scheme.  This will be targeted at small businesses with a fast-track finance application process and a 100% government-backed guarantee with the lenders to provide […]

9 April

COVID-19 – Business Support – Coronavirus Job Retention Scheme – A Brief Guide

COVID-19 – Business Support – Coronavirus Job Retention Scheme – A Brief Guide

As the Coronavirus Job Retention Scheme is scheduled to go live on 20th April, we have put together a brief guide based on the questions that our clients have been asking over the last couple of weeks since the scheme was announced.

9 April

COVID-19 – Business Support – Coronavirus Job Retention Scheme – Specific Considerations For Eligible Individuals That Are Not Employees

The HMRC guidance below sets out specific considerations for those individuals who are paid via PAYE, but who are not necessarily employees in employment law. Unless explicitly set out below, all other guidance is applicable to these cases, and should be followed. Office Holders Office holders can be furloughed and receive support through this scheme. […]

8 April

COVID-19 – Business Support – Coronavirus Job Retention Scheme Launch Date Set For 20th April

HMRC has announced today that their system to submit applications for grants under the Coronavirus Job Retention Scheme Launch is set to go live on 20th April.   Given that the latest analysis by the Resolution Foundation is projecting that over nine million workers are likely to be furloughed under the scheme, HMRC are already […]

3 April

COVID-19 – Business Support – Changes Made To Coronavirus Business Interruption Loan Scheme – Is It Too Little, Too Late?

The Chancellor, Rishi Sunak, has announced that changes will be made to Coronavirus Business Interruption Loan Scheme (CBILS) from today to boost the support to businesses affected by COVID-19. This is set against a backdrop of a growing sense of frustration at the stance being taken by the lenders that has made CBILS virtually redundant […]

2 April

COVID-19 – Legal Advice on Terminating Contracts From Our Colleagues at Moore Blatch

For many small businesses, the strain on their cash flow from COVID-19 is really beginning to bite. As a result, a growing number of businesses are looking for advice as to whether they legal grounds to end or suspend a contract in a bid to reduce expenditure. Our colleague, John Warchus of Moore Blatch solicitors, […]

31 March

COVID-19 – Business Support – VAT Deferral Update

As part of the basket of measure the Chancellor announced to support businesses impacted by COVID-19, there is the opportunity to defer VAT payments as an aid to business cash flow. All UK VAT-registered businesses have the option to defer VAT payments due between 20th March and 30th June.  In practical terms, for businesses making […]

30 March

COVID-19 – Business Support – The Government Announces Changes To The Insolvency Rules

The government temporarily relax wrongful trading laws to allow Directors to take tough decisions without fear of personal liability.

27 March

COVID-19 – Business Support – How To Make A Claim Through The Coronavirus Job Retention Scheme

COVID-19 – Business Support – How To Make A Claim Through The Coronavirus Job Retention Scheme

HMRC have published their detailed guidance on the eligibility and process for making a claim through the Coronavirus Job Retention Scheme which we have summarised.