COVID-19: measures for UK businesses

The Chancellor has set out a package of temporary, timely and targeted measures to support public services, people and businesses through this period of disruption caused by COVID-19.
The government's Coronavirus Business Interruption Loan Scheme went live for applications from today (23 March).
We set out a summary of the salary support and tax deferral schemes that were announced on 20 March 2020.
The UK economy is facing its 'worst recession in modern history'.
British banks must keep lending to businesses through the coronavirus crisis to ensure viable companies do not fail, the government and financial regulators have urged.
On the 26 March, Chancellor Rishi Sunak announced a scheme to help self-employed workers who have been hit by the COVID-19 crisis.
Businesses that have been affected by the COVID-19 pandemic and are seeking to make use of the VAT deferral have been urged to cancel their direct debits 'as soon as they can'.
HMRC has published guidance on recognising genuine contact from the tax authority during the COVID-19 pandemic.
The government has relaxed the insolvency regulations during the COVID-19 pandemic in order to give restructuring businesses time to continue trading.
Company directors who receive salaries through Pay as You Earn (PAYE) are eligible for furlough under the government's Coronavirus Job Retention Scheme.
The government has published details on the COVID-19 support schemes for small businesses and retailers.
A significant number of UK firms face the prospect of running out of cash within three months, according to a survey carried out by the British Chambers of Commerce (BCC).

Sign up for our monthly topical newsletter

Our FREE monthly eNEWS email newsletter will keep you up to date with the latest news related to the world of accountancy.

Register here

Home | Contact us | Site map | Accessibility | Help | Privacy |

© 2020 Wilson Sandford. All rights reserved.
Wilson Sandford Limited is registered in England & Wales.


Registered Office: Wilson Sandford, 85 Church Road, Hove, East Sussex BN3 2BB

In accordance with the disclosure requirements of the Provision of Services Regulations 2009, our professional indemnity insurer is Manchester Underwriting Management Limited of Link House, St. Mary’s Way, Chesham, Bucks, HP5 1HR. The territorial coverage is worldwide excluding professional business carried out from an office in the United States of America or Canada and excludes any action for a claim brought in any court in the United States of America or Canada.