Articles/News
When furlough started earlier this year in March it is doubtful that employers expected it to run this long. However, no one can deny that it has been a welcome relief especially for employees who feared instant dismissals. Unfortunately, since for now the coronavirus appears to be quite content to stay the scheme faced an extension to October 2020. But there have been sign...
June 19, 2020
Undoubtedly, most of the businesses are dealing with great difficulties due to the COVID19 pandemic. Therefore, to help the companies to cope with this period of financial disruption, on 20 April, the Chancellor announced the Future Fund Scheme. Via this scheme convertible loans ranging from £125,000 to £5 million will be issued to innovative companies that main...
June 18, 2020
In March 2020 the UK government announced the COVID-19 Statutory Sick Pay (SSP) Rebate Scheme to support the small and medium-sized businesses affected by the COVID-19 pandemic. Under this scheme, small and medium-sized employers, with fewer than 250 employees, will be able to apply to HMRC to recover the costs of paying coronavirus-related SSP. The Coronavirus Statutory Si...
June 02, 2020
The British Chancellor Mr. Rishi Sunak announced temporary VAT payments deferral measures on 20th March 2020 to support businesses with cash-flow problems during the COVID-19 pandemic. It effectively means that all the UK VAT registered businesses that have a VAT payment due between 20th March 2020 and 30th June 2020 can postpone their payments to HMRC until 31st March 2021...
May 19, 2020
The Coronavirus Job Retention Scheme and furlough apparently are here to stay. Furlough has been extended for another 4 months. Furlough was started as a temporary scheme from 1st March 2020 and now it has been extended to October 2020 at present.
What exactly is furlough?
Actually the term worried many at the beginning as it means to &...
May 18, 2020