Whilst we remain confident in recent communications from the government around legislative changes, an anomaly seems to have emerged around Coronavirus support measures to be administrated by local authorities.
As the dust begins to settle following some major announcements by the government towards the end of last week, this morning’s update covers a few practical matters that have emerged and that we think might be useful.
With what will be welcome news for many, the government have now announced further guidance on the Covid-19 Job Retention Scheme.
Following calls for a system that provided parity to those introduced for employees in the wake of the Coronavirus outbreak, the Chancellor has this evening announced much-anticipated measures intended to support the self employed workforce.
The Coronavirus Business Interruption Loan Scheme (CBILS) is now operational.
To conclude what has been a busy day in respect of changing and developing legislation, the Chancellor this evening outlined some of the most radical and unprecedented financial support measures we’ve ever seen in an attempt to mitigate the economic impact of Covid-19.
To follow up one of the points in our update earlier this week, one of the key business support mechanisms announced by the Chancellor involves engagement and pragmatism from HMRC when it comes to payment of taxes over the coming months.
Given the fast-moving nature of emergency legislation and measures being put in place for emergency support and similar, we thought it might be useful to update you on a couple of matters that we’ve covered earlier this week.