Information for businesses and employers
The coronavirus (COVID-19) pandemic that began in China and spread rapidly around the globe has caused major disruption to businesses and economies worldwide. The UK government has responded to COVID-19 with measures aimed at delaying its spread and mitigating damage to the economy with a substantial stimulus package.
EMPLOYEES
Employers can claim for 80% of furloughed employees’ usual monthly wage costs, up to £2,500 a month
SELF EMPLOYED
The Self-employment Income Scheme will support self-employed individuals up to £7,500 grant
BANK LOANS
Businesses can apply for preferential loans from their bank
GRANTS
Small businesses can receive grants from the Government of £10,000 (leisure sector £25,000)
CASH FLOW
HMRC time to pay scheme for PAYE and other taxes; VAT payment deferral until March 2021
BUSINESS STRATEGY
Getting through this difficult period and planning for the future
IMPORTANT CLIENT ALERT FOR CORONAVIRUS
To reduce the impact of COVID-19 you don’t need to come to visit us.
We can arrange an online meeting on Skype or just over the phone .
To deliver or receive your records, we will do that with a courier free of charge!
Digtax are contributing to the national effort by home working with phones diverted from the office
to tackle coronavirus and keep you safe! Contact us by phone or email and we will sort it out!