Following the announcement in the early phases of the Coronavirus business support response that VAT payments due between 20 March 2020 and 30 June 2020 could be deferred, the government has confirmed this measure is to cease with no further extension.
With changes to the Job Retention Scheme due to be introduced from 1 July and monthly thereafter, the following summary sets these out in a way which we hope is clear and useful.
Following a review of the impact of Coronavirus on the construction industry, HMRC have announced that the planned introduction of the domestic reverse charge is to be delayed from 1 October 2020 to 1 March 2021.
Following his announcement in mid-May of upcoming changes to the Job Retention and Self Employment Income Support (SEISS) Schemes, the Chancellor has now provided enhanced guidance on the amendments and their timeframes.
The government has today announced further details on the Local Authority Discretionary Grants we reported on a few weeks ago.
Following calls from various stakeholders amid uncertainty around the ‘cliff edge’ of the Job Retention Scheme, the Chancellor has announced updates to the measure with an emphasis on greater flexibility and an extension to 31 October.
HMRC have now provided clarity on the Self Employment Income Support Scheme (SEISS) and have started to contact eligible parties to advise on the claim process.
The Bounce Back loan scheme announced by the government last week is live as of today (4 May).