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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


    Mar 26, 2013
    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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