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Daily U.K. Government update 26/03/2020

Discussion in 'Business News & Resources' started by Helen, Mar 26, 2020.

  1. Helen

    Helen

    Joined:
    Mar 26, 2013
    Messages:
    509
    Business Schemes
    More details to be published this evening on guidance for acquiring relief businesssupport.gov.uk

    Self Employed support
    Income support scheme - for SE who have been adversely impacted government will pay a taxable grant up to 80% of their average monthly profits over last 3 years up to £2,500 per month. This will be open for 3 months and may be extended. This is to match furloughed employees. The grant can be done online and paid into your bank account.

    Only applicable if you have a tax return from 2019.

    Anyone who missed January filing deadline have 4 weeks from today.

    SE can access business interruption loans, self-assessment income tax payments due in July can be deferred to end Jan 2021. SE people can access universal credit system.
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