COVID-19: measures for UK businesses Nottingham : tcp chartered accountants

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.