Chancellor Rishi Sunak has unveiled a series of measures which could help business owners who are classed as self-employed. The measures detailed include: Those who are classed as self-employed will be able to have 80% of their monthly wages covered by the government This will be calculated using average monthly profits over the last three…
Income Tax payments due in July 2020 under the Self-Assessment system will be deferred until January 2021. ELIGIBILITY You are eligible if you are due to pay your second self-assessment payment on account on 31 July. You do not need to be self-employed to be eligible for the deferment. The deferment is optional. If you…
If your business needs short term cash flow support, you may be eligible for a Coronavirus Business Interruption Loan. Further information is available here. The new Coronavirus Business Interruption Loan Scheme (ending 30/11/2020) supports SMEs with access to working capital, including loans, overdrafts, invoice finance and asset finance. This scheme is being backed by the British Business…
Please see below for a list of helplines and useful websites which provide advice and information for businesses during the Coronavirus lockdown. HELPLINES Scottish Enterprise Helpline Scottish Enterprise Helpline providing advice and guidance to businesses. The helpline is open Monday to Friday, between 8:30am and 5:30pm. Businesses should call 0300 303 0660 and select option one. You…
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