On Friday, the Chancellor went significantly further than in the history of this great county, with a series of unprecedented announcements in the Government’s support of businesses, employees and individuals. The range of measures for UK businesses is significant and now includes the following: a Coronavirus Job Retention Scheme deferring VAT and Income Tax payments…
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The Latest Measures to Support Businesses
The Chancellor, Rishi Sunak, outlined a raft of further measures to support the UK’s ailing businesses, those affected by the forbidding COVID-19 outbreak. The list that follows summarises his announcements in the order they were announced: The Treasury are making available £330bn of loan guarantees. These guarantees will underpin government backed bank loans on…
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Government support for small businesses if affected by the COVID-19 outbreak
There were a number of reliefs in the recent budget to support small business owners during the present Coronavirus outbreak. We have listed below some of the issues covered in a recent government news item. Statutory sick pay (SSP) The government will bring forward legislation to allow small- and medium-sized businesses and employers to reclaim…
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Government support for individuals if affected by the COVID-19 outbreak
The government has published a number of measures to support individuals during the current Coronavirus outbreak. We have summarised below some of the issues covered in a recent post-budget press release. Statutory Sick Pay Statutory Sick Pay (SSP) will now be available for eligible individuals diagnosed with COVID-19 or those who are unable to work…
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