Changes since last bulletin on 24 April 2020 Bounce back loan scheme launched with 100% government guarantee. Possible shape of Coronavirus Job Retention Scheme after the end of June. Abandonment of requirement for forward-looking financial information or business plans when … Continue reading →

Changes since last bulletin on 9 April 2020 Cut-off date for individual eligibility for Coronavirus Job Retention Scheme (CJRS) moved to 19 March 2020. CJRS extended to 30 June. Revised eligibility requirements for Self-employed Income Support Scheme. New £1.25 billion … Continue reading →

The Bank of England’s two unscheduled base rate changes in March took interest rates to a new all-time low. The Bank of England’s 0.5% cut in its base rate to 0.25% on Budget Day (11 March) was far from being … Continue reading →

The 11 March Budget from the Chancellor, Rishi Sunak, included £7 billion of expenditure targeting the impact of Covid-19 on employees, the self-employed and businesses. On 17 March a further raft of measures was announced, amounting to an additional £20 … Continue reading →

The new National Insurance Contributions (NICs) scales for 2020/21 were announced ahead of March’s Budget, with one slight surprise hidden in the numbers. Are NICs a tax?      Over many years, Chancellors have tried to convince the public that … Continue reading →