Updated 6th April 2020 JRS - FAQ PDF - detailed version of the scheme. Government Gateway Login HMRC over the weekend has released new information on the Coronavirus Job Retention Scheme (JRS). This provides points of clarification and include An employer can claim for any regular payments it is obliged to pay its employees. This includes wages, past overtime, fees and ...
Coronavirus Large Business Interruption Loan Scheme (CLBILS)
The Treasury have announced new Coronavirus Large Business Interruption Loan Scheme (CLBILS) for larger businesses excluded from the CBILS. It will provide a government guarantee of 80% to enable banks to make loans of up to £25 million to firms with an annual turnover of between £45 million and £500 million. Loans backed by a guarantee under CLBILS will be offered at commerci ...
Update on the Coronavirus Business Interruption Loan Scheme
Updated 3 April 2020 Welcome changes to the CBILS have been announced by HM Treasury. Those that can access the scheme The restriction that CBILS was not available to a business if a lender could offer finance on “normal commercial terms” has been removed. Specifically a business no longer has to demonstrate that it has insufficient security (business and personal) to access ...
What's gone wrong? Coronavirus Business Interruption Loan Scheme
Updated 2 April 2020 It has been a mess so far. The Treasury are due to announce changes to the scheme this week. They cannot come soon enough. Who is the British Business Bank? The British Business Bank has the responsibility for operating CBILS. From the website it describes itself as: A government-owned business development bank dedicated to making finance markets work ...
Practical steps to manage your cash flow in a crisis
Updated 1st April 2020 Download PDF for further information To state the obvious, it is more important than ever to understand and manage the cash flow of your business. We appreciate that many businesses will have already taken these steps, are currently juggling and making difficult decisions. Much is common sense but we hope that you will find it of help. Cash is king Th ...
R&D Tax relief and losses to assist cash flow
Updated 1st April 2020 During these unprecedented times it is likely that many companies will be faced with potential problems and scenarios that are out of the norm. We here at Ward Williams have an experienced team with a wide range of knowledge capable of guiding you through any potential pitfalls that may arise. Many companies will have experienced a sudden drop in cash f ...
Coronavirus Job Retention Scheme (CRS) for employers
Updated 31 March 2020 Ward Williams have set out below the answers to the Frequently Asked Questions that have come our way to date. It is not advice in itself. Coronavirus Job Retention Scheme for employees - quick questions answered PDF Coronavirus Job Retention Scheme the detail PDF Should you require specific advice on any question or require letter templates please do ...
HMRC coronavirus helpline details updated (Time to Pay)
Updated 30 March 2020 The telephone number for HMRC’s coronavirus (COVID-19) helpline has changed to 0800 024 1222. Opening times: Monday to Friday: 8am to 4pm Due to measures put in place to stop the spread of coronavirus (COVID-19) HMRC have fewer advisers available to answer calls. A Webchat is also available. Advisers can only talk about problems paying taxes due to ...
Self Employment Income Support Scheme - SEISS
Updated 26 March 2020 HMRC will use data on 2018-19 returns already submitted to identify those eligible and will risk assess any late returns filed before the 23 April 2020 deadline in the usual way. Please note that this scheme does not cover individuals who pay themselves a salary and dividends through their own company. HMRC has stated that these individuals may however b ...