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