Covid-19

These articles are to keeping you up-to-date with the latest announcements and advice about Covid-19. Please check our Business News and Hot Topics sections for more information.

07 May 2020

Further details on self-employed income support scheme (SEISS)

On Friday 1 May 2020 the Government issued the legislation by way of a Direction to introduce the Self-Employed Income Support Scheme. At the same time HMRC issued more detailed guidance on the operation of the scheme.

30 Apr 2020

Increases and extensions to business support grants and business rates reliefs – Scotland

From 5 May 2020, if you have more than one property, you may be able to apply for a grant for each eligible property.

29 Apr 2020

CBILS update: evidence requirements relaxed

The UK’s seven largest small business lenders have relaxed evidence requirements for applications to the existing Coronavirus Business Interruption Loan Scheme.

29 Apr 2020

Coronavirus (COVID-19) Self-employment Income Support Scheme

The online service which will be used to claim is not available yet. HMRC will aim to contact you by mid May 2020, and will make payments by early June 2020.

28 Apr 2020

Government announces: “Bounce Back” Loans

The Government has announced a new 100% Government backed loan scheme for small businesses

27 Apr 2020

HMRC Update: Coronavirus Job Retention Scheme

Wages for furloughed employees are now being paid six working days after claims opened e.g. payments for claims made on Monday 20 April were paid into employers’ bank accounts by 28 April.

23 Apr 2020

Lifeline support for business confirmed

Support for the newly self-employed and firms suffering hardship to be paid in early May. The Economy Secretary recently confirmed that grant funding for the newly self-employed suffering hardship and SMEs in distress will be available shortly.

21 Apr 2020

Government launches new coronavirus business support finder tool

The Government has launched a new ‘support finder’ tool will help businesses and self-employed people across the UK to quickly and easily determine what financial support is available to them during the coronavirus pandemic.

17 Apr 2020

CJRS Help to claim

Further to our previous communication setting out the full range of business support measures put in place to support UK public services, people and businesses affected by the Coronavirus pandemic, we write to provide clients with an update on the process for making claims through the Coronavirus Job Retention Scheme (CJRS) and how Finlaysons can help.

27 Mar 2020

Furlough and the Job Retention Scheme

The Government has announced its plans for financial assistance to help employers retain employees for an extended period of time, although offering no work, and avoid lay-offs.

27 Mar 2020

Job Retention Scheme - Furlough Letters Guidance

An employee furlough refers to a temporary leave or modification of normal working hours for a specific amount of time. It’s a leave of absence given to an employee with the promise that they will still have their job once the leave is over.

23 Mar 2020

The Coronavirus Business Interruption Loan Scheme (CBILS) is now available through participating lenders

CBILS is a new scheme, announced by The Chancellor at Budget 2020, that can provide facilities of up to £5m for smaller businesses across the UK who are experiencing lost or deferred revenues, leading to disruptions to their cashflow.

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