COVID-19 measures for UK businesses

VAT reduction

Frrom 15‌‌‌ ‌July until 12‌‌‌ ‌January 2021, the UK government will cut VAT from 20% to 5% on any eat-in or hot takeaway food and drinks from restaurants, cafes and pubs, excluding alcohol. This VAT reduction also applies to all holiday accommodation in hotels, B&Bs, campsites and caravan sites, as well as attractions like cinemas, …

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Private Rent Sector Landlord Covid-19 Loan Scheme (Scottish Government)

The PRS Landlord (non-business) Covid-19 Loan will provide short-term support for landlords where tenants are having difficulty paying rent as a result of the impacts of Covid-19. Landlords should be engaging with their tenants to manage these difficulties and this loan is intended to support them to do this. The interest free loan is available …

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Coronavirus Job Retention Scheme is changing:

Do you have a question about Coronavirus Job Retention Scheme/Furloughed employees? please contact Saeed Sharif Chartered Certified Accountant, Assuring you of our best attention at all times. From 1 July, employers can bring back to work employees that have previously been furloughed for any amount of time and any shift pattern, while still being able …

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Check your eligibility for Self-Employment Income Support Scheme

You can now check if you are eligible to claim Self-Employment income support Scheme by using HMRC online tool. You will need the following information: Self-Assessment Unique Taxpayer Reference (UTR) National Insurance number. By using the HMRC eligibility checker you will be able to know if you are eligible to make a claim and the …

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Coronavirus Bounce Back Loan

Last month, Chancellor of the Exchequer Rishi Sunak announced a £330 billion coronavirus business interruption loan scheme. However, there were reports that the application process for the scheme was complicated, payments were delayed in reaching firms, and that banks were requesting personal guarantees (such as homes) for small loans. On 27 April 2020 the Chancellor outlined a …

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