Category: News & Trending

From 1 May 2020, PPE (personal protective equipment) purchased by businesses and individuals to protect against Covid-19 will be free from VAT for a three-month period. To do this, government acted under an exceptional basis allowed by EU rules during health emergencies. This comes after import duty was also removed from PPE.  It has been...

The Association of British Insurers, the voice of the UK’s insurance industry, has published some information to assist businesses.  It covers business interruption insurance, including what the policies generally cover, e.g. whether COVID-19 would apply under a ‘notifiable disease’ extension to business interruption cover.  Other business issues include guidance on whether owners need to continue...

How consumer attitudes are changing towards UK holidays and short breaks and how this impacts on leisure vehicles, through the crisis and beyond. The NCC has commissioned a quantitative tracking study, assessing a national representative sample of UK adults to understand how consumer attitudes are changing towards UK holidays and short breaks as a result...

Alicia Dunne, NCC Deputy Director General, reflects on the benefits of meticulous record keeping. If someone has coronavirus symptoms at work, or becomes unwell in the workplace with coronavirus symptoms, you probably know what to do: Tell them to immediately go home and avoid touching anything; use a separate bathroom if possible Call 999, if...

The recently announced CLBILS aims to support large businesses, and is now open for applications. It provides a government guarantee of 80% to enable banks to make loans of up to £25m to firms with an annual turnover of between £45m and £500m. It will support a wide range of businesses to access finance products...

How to calculate and how to claim The online claim system for the grant for 80% of your furloughed employees’ salaries, through the Coronavirus Job Retention Scheme, is now live. NB Applications need to be completed by 22 April to be paid by 30 April. This scheme will be open until the end of June...

HMRC has published updated guidance on the Self- Employment Support Scheme guidance to clarify eligibility and provide more details of the scheme. Claim a grant through the coronavirus covid-19 self employment income support scheme It has also separately published details of allowable expenses, how to calculate trading profits and clarification that total income includes things...

The online claim service for the Coronavirus Job Retention Scheme (CRJS) launches on GOV.UK on Monday 20 April 2020. Any entity with a UK payroll can apply – to prepare to make your claim you will need: • a Government Gateway (GG) ID and password – if you don’t already have a GG account, you...

In order to continue to protect jobs, the Coronavirus Job Retention Scheme (CJRS – see details below) has been extended by one month to reflect continuing social distancing measures and “provide businesses with the certainty they need”. The government’s furlough scheme will continue to the end of June, the Chancellor confirmed today. The scheme, which...

Please see below a copy of the OBR* report that the Chancellor referenced during the Government’s Coronavirus update yesterday. The report contains OBR’s initial assessment of what the coronavirus lockdown will do to the economy, jobs and government borrowing. It does not make for comfortable reading as the headline figures suggested the prospect of a...