COVID-19 Business Support Hub

We are here to support you during the ongoing coronavirus pandemic.

Please read the articles below for our latest updates.

HMRC: Self Assessment payment on account deferral scheme open to ALL taxpayers

The Self Assessment payment on account deferral scheme will apply to all taxpayers, not just the self-employed, it has been revealed.

Coronavirus Self Employed Income Support Scheme (SEISS)

Following the announcement that businesses will be reimbursed by HM Revenue & Customs (HMRC) for 80 per cent of the employment costs of ‘furloughed’ workers for at least three months from March, the Chancellor has announced a similar scheme for self-employed individuals. The Self-Employed Income Support Scheme (SEISS) will pay […]

Applying for a Coronavirus Business Interruption Loan Scheme (CBILS)

Small to medium-sized businesses in the UK are now able to apply for finance via the Coronavirus Business Interruption Loan Scheme (CBILS) to help them deal with the operating costs of their business and to assist with maintaining cashflow.

Businesses urged to apply for Companies House filing extension before deadline

Businesses affected by the COVID-19 pandemic are being urged to request a Companies House filing extension before the deadline.

Deferring VAT – HMRC confirms businesses should cancel VAT direct debits

Following the Government’s announcement that businesses will be able to defer VAT payments for the period from April – June, HM Revenue & Customs (HMRC) has now confirmed that businesses should cancel direct debits for VAT if they want to utilise the deferment offer.

Accessing the Coronavirus Job Retention Scheme

With substantial restrictions for everyone on the circumstances in which we can leave our homes, and many businesses being forced to close, the Chancellor has announced a scheme to reimburse up to 80 per cent of the cost of the wages of ‘furloughed workers’. What is a ‘furloughed worker’? Anyone […]

Government support help with the economic impact of Coronavirus – Here’s what businesses need to know

In recent days, a whole raft of business support measures have been announced by the Government, designed to help business owners protect their companies and support their employees. Here at M J Bushell we have put together a summary of the various support schemes currently available, the eligibility criteria and how […]

Enterprise Finance Guarantee scheme – eligibility restrictions for small businesses

The Enterprise Finance Guarantee (EFG) supports small businesses by providing finance to smaller businesses that cannot obtain finance from their lender because of insufficient security. The British Business Bank has now announced that a number of eligibility restrictions are in place because of the European Union’s (EU) state aid rules.

COVID-19: Summary of the Chancellor’s announcement on 20th March 2020

A number of  business support measures were announced by the Chancellor.   However, whilst we await clarity on how exactly these grants and schemes are accessed, business owners can make some decisions on how to protect their businesses and support employees. Coronavirus Job Retention Scheme Under the new Coronavirus Job Retention […]

We’re here to help – what to do if you can’t pay your tax bill

Chancellor, Rishi Sunak, has announced that as part of a package of measures to address the economic impact of coronavirus HM Revenue & Customs (HMRC) will provide Time to Pay arrangements to businesses and self-employed individuals in financial distress and with outstanding tax liabilities. To see if this applies to […]

Accessing the latest COVID-19 stimulus

The Government has pledged more than £330 billion overnight to help businesses struggling with the economic impact of the ongoing COVID-19 outbreak. The Chancellor, Rishi Sunak, has pledged to do “whatever it takes” to help businesses survive through these difficult and uncertain times and we are also standing by this […]

M J Bushell Here to Help

Essential business preparations for COVID-19 The UK is seeing an unprecedented amount of disruption due to the current coronavirus outbreak and in response the Chancellor has announced a number of measures to help businesses deal with this crisis. Understandably, business owners will be concerned during these difficult times, but they […]

How does the new emergency coronavirus loan scheme work?

On Wednesday 11 March, the Chancellor revealed that the Government would launch an emergency loan scheme designed to support businesses affected by the Covid-19 outbreak.