The government will allow important parts of critical industries to carry out daily testing instead of requiring staff to self-isolate to try and reduce the impact of the ‘pingdemic’ Workers from 16 key sectors including health, transport, and energy will not have to isolate after being pinged by the NHS Covid-19 app, as it was…
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Almost half, 47%, of employees surveyed from across the UK, would consider leaving their job post-covid-19 pandemic if they are not afforded some form of flexibility in where and when they work. The 2021 EY Work Reimagined Employee Survey of 1,000 UK workers found that nearly two-fifths, 39% would choose flexibility of when they work…
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HMRC have issued a briefing setting out their approach to collecting tax debts and customer support as the UK emerges from the Covid-19 pandemic. The briefing sets out: •what HMRC will do when a customer has a tax debt; •the extra support that has been put in place for customers; and •what action HMRC will…
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Following the Chancellor’s Budget back in March, the scale of the shock to the UK economy as a result of covid-19 is now clear. Covid-19 is now estimated to have reduced gross domestic product (GDP) by as much as 10% in calendar year 2020. And yet despite this apparent doom and gloom, corporate insolvencies appear to tell…
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The Recovery Loan Scheme is a new government loan scheme that will replace the now closed Coronavirus Business Interruption Loan Scheme (CBILS) and Bounce Back Loan Scheme (BBLS). Recovery Loans Scheme (RLS) allows qualifying businesses to borrow up to £10 million – either as term loans, overdrafts, invoice finance or asset finance. Recovery Loans…
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Even with a little glowing light at the end this unimaginably long tunnel, it does feel like for 2021, things just managed to get worse. But we’re not here to spread doom and gloom. We want to bring hope and open your eyes to options that until now you might not have considered for your…
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Due to the impact of COVID-19, the government want to give businesses who have suddenly suffered significant losses, an opportunity to get some additional cash back into their struggling business. In the 2021 Budget changes were announced to enhance the current Loss Relief Rules. The enhanced relief is mainly targeted at the more stable businesses…
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At a glance The Recovery Loan Scheme is a government loan scheme that allows qualifying businesses to borrow up to £10 million – either as term loans, overdrafts, invoice finance or asset finance. It replaces the now closed. Coronavirus Business Interruption Loan Scheme (CBILS) and Bounce Back Loan Scheme (BBLS). Recovery Loans Scheme with Capitalise…
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The Restart Grant scheme to help businesses reopen safely as COVID-19 restrictions are lifted has been launched with confirmation grants will be available from 1 April 2021 but applications can be submitted in advance Eligible businesses in the non-essential retail sector may be entitled to a one-off cash grant of up to £6,000 from their…
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Originally announced by the Chancellor of the Exchequer in September 2020, Pay As You Grow (PAYG) will enable businesses who have started repaying their Bounce Back Loans to: request an extension of their loan term to 10 years from six years, at the same fixed interest rate of 2.5% reduce their monthly repayments for six…
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