Dear all
I am afraid that whilst the headlines are with us (330 billion, 15% of GDP, grants for certain businesses etc) there is as yet little detail backing up said headlines. To date we have ascertained the following:
- Banking. The high street bank websites transfers the enquiry to the British business banking website. There will be the prospect of government guaranteed loans. https://www.british-business-bank.co.uk
- Companies House. Deadlines can be extended, but there are hoops to jump through.https://www.icaew.com/insights/viewpoints-on-the-news/2020/mar-2020/companies-house-to-allow-coronavirus-related-filing-extensions
- Small business and Business Rates relief. This will be administered by the local authorities.
- HMRC – (VAT and PAYE) in the first instance follow the ‘Time to Pay’ instructions on the HMRC website.
- Your suppliers – to be dealt with on an individual basis.
This is obviously a fluid situation and we will update the website when more is known……..