FINANCIAL SERVICES

CJRS: How to Work Out 80% of Employees’ Wages, NI and Pension Contributions

Posted: 16 May 2020
HMRC updated their CJRS guidance. Learn how to work out 80% of your employees' wages, National Insurance contributions and pension contributions.
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Furlough Scheme Extended Until October

Posted: 13 May 2020
From August, furloughed workers will be able to return to work part-time with employers being asked to pay a percentage towards the salaries of their furloughed staff.
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£171,000

Posted: 28 April 2020
The average value of a Coronavirus Business Interruption Loan Scheme (CBILS) loan stands at £171,000.
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New Bounce Back Loans Scheme for SMEs to Be Launched Next Monday

Posted: 27 April 2020
Small businesses will be able to borrow between £2,000 and £50,000 and access the cash within days.
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Final Details of Coronavirus Large Business Interruption Loan Scheme Unveiled

Posted: 21 April 2020
This scheme helps large businesses affected by coronavirus (COVID-19) to access loans of up to £25 million.
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Claim a Grant Through COVID-19 Self-Employment Income Support Scheme

Posted: 14 April 2020
Use this scheme if you're self-employed or a member of a partnership in the UK and have lost income due to coronavirus.
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Government Announces a New Scheme for Larger Companies

Posted: 3 April 2020
The Chancellor Rishi Sunak has taken further action today to support firms affected by the coronavirus crisis by bolstering business interruption loans for small businesses and announcing a new scheme for larger companies.
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National Minimum and Living Wage Increases Come into Effect

Posted: 1 April 2020
The 2020 National Living Wage comes into effect today (Wednesday 1 April), a 6.2% increase on the previous rate.
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Employers to Claim for Temporary Leave Wage Costs for 3 Months

Posted: 26 March 2020
Find out if you’re eligible and how much you can claim to cover wages for employees on temporary leave (“furlough”) due to coronavirus (COVID-19).
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Companies Given 3-Month Extension Period to File Accounts During COVID-19

Posted: 25 March 2020
Businesses will be given an additional 3 months to file accounts with Companies House to help companies avoid penalties as they deal with the impact of COVID-19.
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Coronavirus Business Interruption Loan Scheme (CBILS) Is Now Available Through Participating Lenders

Posted: 23 March 2020
The scheme will help smaller businesses withstand disruptions caused by the coronavirus outbreak.
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31 Million Taxpayers to Get April Tax Cut

Posted: 21 March 2020
31 million people to benefit from a tax cut, as National Insurance contributions thresholds to rise to £9,500 per year.
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15% of GDP

Posted: 17 March 2020
The UK government's rescue package to businesses worth £330bn amounts to 15% of gross domestic product (GDP).
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COVID-19: Support for Businesses

Posted: 17 March 2020
Chancellor of the Exchequer Rishi Sunak has set out a package of temporary, timely and targeted measures to support public services, people and businesses through the period of disruption caused by the coronavirus.
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Government to Introduce Coronavirus Business Interruption Loan Scheme

Posted: 17 March 2020
The Coronavirus Business Interruption Loan Scheme will temporarily replace the Enterprise Finance Guarantee Scheme.
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