…regulators have issued various statements with measures to alleviate operational burdens and other pressures as a result of COVID-19, there is also a clear message of the need to maintain financial stability, ensure safety and soundness by maintaining appropriate systems and controls, and ensure customers…
…mobile individuals have been extended, other deadlines have not. HMRC is encouraging taxpayers to file on time, where possible. However, if filing is impossible because of COVID-19, then the guidance regarding “reasonable” excuse should be consulted. This guidance has been updated in relation to COVID-19,…
…British Business Bank and are available from an increasing number of accredited providers. They will provide loans of up to £25 million for businesses which are experiencing lost or deferred revenues as a result of COVID-19. The lending facilities can take the form of term…
One thing that we could be sure of this week, was that the Chancellor’s Budget would focus on the pandemic and the extension of Covid measures. The total rescue package since March last year will stand at a huge £407 billion by the end of…
Our COVID-19 Accelerator series is designed to highlight the impact COVID-19 is having on families, their offices and their businesses with a focus on areas where COVID-19 will accelerate change. In this our first article, we look at how coronavirus might accelerate transition in wealthy…
Our COVID-19 Accelerator series highlights the impact the coronavirus pandemic is having on wealthy families, their offices and businesses. We focus on areas where COVID-19 will accelerate change. In our second article, we look at the way COVID-19 is accelerating technology adoption and utilisation for…
As COVID-19 continues to affect our daily lives and we find ourselves working and living in highly unusual circumstances, we have much to contend with. Whilst there are decisions to be made almost on a daily basis in terms of how we go about our…
…a number of eligibility criteria and other requirements. However, these were amended so that the scheme will be available to ‘all viable small businesses affected by COVID-19’ – not just those unable to secure regular commercial financing. In practice, this means that borrowers will no…
…level is capped for normal weekly salaries up to £697.92 It will be targeted at employers that need it the most – all small and medium sized businesses will be eligible, as well as large companies impacted by COVID. Fundamental to this qualifying condition for…
…revisited at a later stage when circumstances allow. Reviewing and re-setting the internal audit plan – i.e. an emergency COVID-19 internal audit plan. This might focus on helping the organisation make the right decisions during this time of immense challenge and change, and ensuring that…
…to stay solvent with COVID-19 funding and furlough payments, companies undertaking R&D activities now need to review the impact of having accepted government help. Bounce Back Loans (BBL), the Coronavirus Business Interruption Loan Scheme (CBILS) and the Coronavirus Large Business Interruption Loan Scheme (CLBILS) are…
For businesses and individuals currently suffering cashflow issues during the COVID crisis, the quickest and easiest way of securing immediate support is through the mechanisms provided by HMRC. You don’t need to be currently in a cashflow crisis to seek support, the reliefs are available…