Income-tax deferrals: Self-assessment income tax payments, that were due in July, can be deferred to the end of January next year. Rent support: Businesses who are struggling to pay their rents are protected from eviction until the end of June. Coronavirus business interruption loan scheme: SMEs can get loans and overdrafts of up to £5million for up to six years and the government will guarantee up to 80 per of these. Grants of up to £10,000: Small firms can get grants of up to £10,000 to help with ongoing business costs. VAT payments: VAT payments can be deferred for three months. Tax bill help: SMEs that cannot afford their tax bills can ask HMRC for a “time to pay” arrangement so any debt collection is suspended. Business rates holiday: A 12-month business rates holiday has been introduced for many businesses. Most read in Money … [Read more...] about Is the self-employed government grant scheme going to get extended like furlough to October?
Help self employed
“If people are missing mortgage payments, there is already an understanding that they need help without them having to prove anything. But the self-employed will really have to justify why we can’t pay our bills if the government is not taking a stance that we are worthy of help," she said. … [Read more...] about Coronavirus: Rishi Sunak urged by MPs to extend self-employed help
It will also be made in a single payment, covering three months and capped at £2,190 a month, or £6,570 in total. Applicants will need to confirm their work has been affected by the virus, but they would not need to have taken the first grant to be eligible for the second. … [Read more...] about Virus-hit self-employed to receive second payment
How many people are affected?There are more than five million self-employed people in the UK, earning an average of £781 a month. The number has risen fast since the financial crash of a decade ago. About 3.8 million of them may be covered by this scheme. … [Read more...] about Coronavirus: What help are self-employed getting from government?
Matt Hancock says employers should pay staff wages if they need to self-isolate due to track and trace … [Read more...] about Self-employed scheme changes: Everything you need to know after Rishi Sunak’s announcement