Self-employment Income Support Scheme
The Self-employment Income Support Scheme (SEISS) will support self-employed individuals (including members of partnerships) who have lost income due to coronavirus (COVID-19). This scheme will allow you to claim a taxable grant worth 80% of your taxable profits after reliefs and allowances, up to a maximum of £2,500 per month for the next 3 months. […]
Support for businesses through the Coronavirus Business Interruption Loan Scheme
The temporary Coronavirus Business Interruption Loan Scheme will support SMEs with access to loans, overdrafts, invoice finance and asset finance of up to £5 million and for up to 6 years. The government will also make a Business Interruption Payment to cover the first 12 months of interest payments and any lender-levied fees, so smaller businesses will […]
Coronavirus Job Retention Scheme and Furloughed workers
If an employer cannot cover staff costs due to COVID-19, they may be able to avoid redundancies by accessing the Coronavirus Job Retention Scheme as announced on Friday 20 March. The scheme enables the employer to claim a grant of up to 80% of an employee’s usual monthly wage costs, up to £2,500 a month, plus the associated Employer […]
