• Laura Steele

Update from Prime Minister 20/03

Update 20/03

Pubs, restaurants, cafes and clubs to be closed- they can continue to provide take away if they can/do

Gyms, leisure facilities and theatres to also close

Coronavirus job retention scheme - any employer in the country - you can contact HMRC to cover ‘most’ of wages, helping to retain jobs and paying employees around 80% of wages up to £2,500 a month dating back to 1st March.

First grants to be paid within weeks.

Business interruption loan scheme previously released now Interest fee for 12 months instead of 6 months - these will be available as of Monday.

Cash flow support through tax system - delay to next quarter of VAT payments.

Self employed can now access Universal Credit that is the same as SSP for employees (£94.25 per week)

Increasing Universal Credit & Working Tax to the standard allowance by £1000 a year

Self employed - next self assessment payment to be deferred to (January?) 2021

- Self assessment will be deferred to 2021

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