COVID-19 FAQ's

The Bounce Back Loan scheme intends to help small and medium-sized businesses borrow between £2,000 and £50,000 from lenders to support them during the crisis.

Currently, HMRC have announced deferments for VAT liability & Second self-assessment payments due to COVID-19. None of these will attract late interest or penalties as long as paid by the deferred due date.

The Coronavirus Job Retention Scheme is a temporary scheme open to all UK employers for at least three months starting from 1 March 2020.

There are a number of expenses which you limited company can reimburse back to you during an arranged home working period.

HMRC is aware that unscrupulous promoters of tax avoidance schemes are targeting workers returning to the National Health Service (NHS) to help respond to the coronavirus (COVID-19) outbreak.

The Government has advised that furlough payments can be made to umbrella company employees. Please note that there is specific qualifying criteria which you will need to meet to make a furlough application. If you are a Brookson customer and require further information, please get in touch with our umbrella team.

HMRC is aware of COVID-19 Coronavirus SMS scams telling contractors they can claim a ‘goodwill payment’ or claim a tax refund to help protect themselves from the Corona outbreak.

The Government announced a number of financial measures to help businesses help pay their staff. Click to see the full article for more information.

Over the weekend The Government announced a number of financial measures to help businesses through disruption caused by the COVID-19 pandemic. Click to see the full article for more information.