Monthly Archives: April 2020

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Universal Credit – how does it work

Posted on by Rob Mollan

The Chancellor has announced that self-employed individuals can apply for Universal Credit in full at a rate equivalent to Statutory Sick Pay. While we are unable to apply for UC on behalf of clients we have prepared the following guidelines … Continue reading

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Payment of VAT, Self Assessment & other taxes

Posted on by Rob Mollan

VAT HMRC have deferred all VAT payments falling due between 20 March 2020 and 30 June 2020. There is no application to make, it is automatically done. They have confirmed there will be no interest or penalties providing payments are … Continue reading

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Coronavirus Business Interruption Loan Scheme (CBILS) – updated 03/04/2020

Posted on by Rob Mollan

Coronavirus Business Interruption Loan Scheme (CBILS) This scheme is designed to give businesses easier access to funding and can provide loans up to £5m with Government guaranteeing 80% of any losses suffered by the lender. More importantly, the requirement to … Continue reading

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