There has been some uncertainty over the past few days as to whether businesses whose VAT payments are set up using a direct debit would need to cancel them if they wish to take advantage of the VAT payment deferral that have been made available to businesses between now and the 30 June.
During the course of yesterday there was continued pressure being put on the Government to bring out financial measures to help the self-employed. Unfortunately the Prime Minister’s statement of 25th March did not bring any announcements on this front, nor were any new financial supports announced during the course of the day. However, news reports suggest we should expect an announcement on this from Chancellor Rishi Sunak very soon.
On March 20th the Chancellor of the exchequer announced additional measures to support smaller businesses and the self-employed affected by Covid-19. Since then the government has said it will announce further measures to support Britain’s five million self-employed people over the coming days. It is understood that one of the options currently being considered is to pay self-employed workers a monthly grant based proportion of their earnings made in previous years and we await details of this.
It goes without question that the last few weeks have been worrying for all. People’s lives have been turned upside down in a short space of time. Most businesses within the UK have been forced to close temporarily, leaving business owners and workers in a state of panic.
The Education & Skills Funding Agency announced, on 23 March, new measures for the apprenticeship programme and the apprentices, employers, training providers and assessment organisations being impacted by COVID-19. The detailed guidance can be found here and contains a useful and comprehensive Frequently Asked Questions section.
Many UK charities have had to curtail or temporarily cease their charitable and fundraising activities as a result of the restrictions put in place to slow the spread of Coronavirus (COVID-19). Just as many business owners across the country are having to review their options and make difficult decisions, so too are charity trustees in order to mitigate the impact on their stakeholders including employees, volunteers and beneficiaries.
We know that many of you will require additional help during these challenging times and we want to reassure you that we are here, ready to provide you with that assistance and are committed to ensuring the continuity of our services to you.
Over the last few days, the Government has announced a number of measures to help businesses and employers through the challenges they face as a result of the COVID-19 pandemic. They can be found here and are summarised as follows:
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