The coronavirus pandemic is causing disruption and uncertainty across the globe and many businesses are facing unprecedented challenges. As the Government continues to announce support and advice, we will continue to provide useful insights on critical areas, including reliefs for business, funding and business continuity, to ensure that you are kept up to date.
Latest updates
The Coronavirus Job Retention Scheme Extension (CJRSE) runs to the end of April 2021 with support remaining at 80% of the employee’s reference salary (subject to the £2,500pm cap). The claim deadlines are 14 days after month end and any adjustments to them must be made by 14 days after that. On 26 January 2021 claimants for December 2020 will have their name published on gov.uk and from February their claim value by band will also be made public in this way. There are very limited HMRC exemptions to this, for which application must be made. From February HMRC will also include details of CJRSE claims made for them for claim periods starting on or after 1 December 2020 in furloughed employees’ Personal Tax Account. Find out more.
On Monday 7 December the Government announced a new General Export Facility (GEF), designed to help SME exporters with the costs of exporting and scaling-up. Eligible businesses can apply for government-guaranteed finance from the UK’s five largest banks. For GEF details and eligibility criteria, visit gov.uk.
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