COVID-19 Coronavirus News

1st April 2020

COVID-19 Coronavirus News

 

Calls grow to extend support for the self-employed

29 May 20

Bodies issue collective plea as SEISS nears the end.

Furlough scheme covers 8.4m workers

28 May 20

A million employers claim £15bn in subsidies.


Fraud victims soar during pandemic

27 May 20

Scams were ‘so convincing they were hard to spot’.


Govt. extends mortgage break scheme until October

26 May 20

One in six mortgage borrowers take up ‘payment holidays’.


Grandparents can claim pension credits for childcare over video chat

22 May 20

State pension boost is still available under lockdown restrictions.


Late IR35 amendment shot down in parliament

21 May 20

Rules edge closer to kicking in from April 2021.


Coronavirus loans’ bill passes £22bn

20 May 20

£14bn paid out in first two weeks of bounce-back loans.


HMRC fields two million SEISS applications

19 May 20

More than £6bn paid out in the first six days.


Off-payroll extension may be delayed until 2023

18 May 20

MPs contemplate further two-year delay.


HMRC relaxes stance on home office equipment

15 May 20

Reimbursing employee costs waived for 2020/21.


COVID-19 puts economy into ‘significant recession’

14 May 20

GDP slumps 5.8% in March, and 2% in Q1 2020.


Relief as furlough scheme extends to October

13 May 20

Business groups praise the Chancellor for listening to concerns.


Govt. clarifies guidance on returning to work

12 May 20

New guides for eight different lines of work.


Businesses want clarity before returning to work

11 May 20

Plans to ease restrictions “need more detail”.


UK economy ‘could shrink by 14%’ in 2020

07 May 20

Bank of England predicts biggest annual decline on record.


Most firms ready to restart within three weeks

06 May 20

Small businesses and B2B firms could be ready sooner.



Self-employed to start claiming coronavirus grants

05 May 20

Income support scheme opens ahead of schedule.


New grants for shared-property businesses

04 May 20

Scheme plugs gap in government support.


More firms access business interruption loans

25,652 applications were successful up to 28 April.


Businesses get VAT help reminder

Direct debits should be cancelled before 7 May.


Lenders grant 1.6m mortgage payment holidays

Average homeowner frees up £755 a month.


New microloans revealed for small firms

28 Apr 20
Loans of up to £50,000 available from 4 May.

A Guide for Taxpayers on Seeking a Time to Pay Agreement with HMRC

27 Apr 20

Seeking a Time to Pay Agreement


Shops get rent break during crisis

27 Apr 20
High street firms asked to pay what they can.

Govt. to offer 100% guarantee on SME loans

Most small firms have seen applications turned down.


Growing tech startups get £250m lifeline

Loans of between £125k and £5m available next month.


Chancellor expands loan scheme for large firms

All firms turning over more £45m can apply.


One-month extension for furlough scheme

Job retention scheme will be open until 30 June.


Coronavirus job retention scheme goes live

Treasury can field 450,000 applications an hour.


Coronavirus triggers surge in demand for will-writing services

Self-isolation puts strain on 183-year-old rule.


UK employers to furlough more than 9 million workers

16 Apr 20

More businesses claiming staff pay through Government scheme.


New starters in job retention scheme boost

Those on payroll before 19 March are eligible.


‘Self-employed can claim support in mid-May’

Payments to be made in early June.


Chancellor pledges £750m for charities

Sunak vows “charities have not been forgotten”.


Landlords want Govt. to clarify rent advice

Emergency measures prompt tenants to stop paying.


Groups back increased support for crisis-hit firms

06 Apr 20

Chancellor paves the way for easier access to funds.

Public-sector contractors in furlough boost

03 Apr 20

Job retention scheme open to those in contract.


How to access coronavirus support schemes

02 Apr 20

Details on how to apply for emergency measures.


Second phase of MTD for VAT delayed

HMRC defers rollout of more stringent rules until 1 April 2021.


The proposed amendments to insolvency law following COVID-19

31 Mar 20

The Government announced changes to insolvency laws at a press conference on Saturday, 28 March 2020, in response to the COVID-19 outbreak.


The Coronavirus Business Interruption Loan Scheme (CBILS)

27 Mar 20

There seems to be a lot of confusion out there in terms of how the banks are supporting SME’s funding requests during the COVID-19 crisis, and in particular the Coronavirus Business Interruption Loan Scheme (CBILS).


COVID-19 job retention scheme Q&A

27 Mar 20

Late last night H.M. Revenue and Customs published detailed guidance on the Job Retention Scheme. Here we will try to answer many of the common questions that we have received over the last few days.


COVID-19 update on support available

26 Mar 20

Since we last provided an update just over 24 hours ago, there have been some significant developments on the support available to help both individuals and businesses.


COVID-19 support guide

26 Mar 20

Here we have detailed all the COVID-19 support available to small businesses.


Whitley Stimpson warns that direct debits should be cancelled due to the VAT deferral

25 Mar 20

HMRC are supporting businesses through these unprecedented circumstances by deferring Valued Added Tax (VAT) payments for 3 months.


Whitley Stimpson expert welcomes new IR35 tax delay

18 Mar 20

A leading tax expert today welcomed the decision to delay complicated tax changes that will affect thousands of contractors in the private sector.


Whitley Stimpson coronavirus (COVID-19) business continuity plan

18 Mar 20

As we are amidst a global pandemic and the spread of the coronavirus has reached unchartered territories, we would like to share with you our plans in place, enabling us to provide an uninterrupted service.