The changes to lock-down announced by the Prime Minister last week are summarised below. Most are effective from 4th July 2020. Pubs, restaurants and hairdressers will be able to reopen, providing they adhere to COVID Secure guidelines. From the same date, two households will be…
Month: June 2020
Option to defer VAT payments ends this month
One of the government’s schemes to assist VAT registered businesses with their cashflow during the current COVID disruption was the deferral of VAT payments. The VAT payments that could be deferred cover payments due between 20 March 2020 and 30 June 2020. VAT traders that…
Leaving salaries or dividends in your company
Director/shareholders of small companies may be considering reducing their salaries and/or dividends during this uncertain period. Even if firms are managing to maintain profits or breakeven, prudence would suggest that until things improve we should do what ever we can to preserve cash reserves. Many…
New support for High Street retailers
The High Street Task Force has launched a range of support options for High Street traders in England. In a press release issued 12 June it was announced: A package of support to help high streets to get back on their feet has been…