The Government has announced that it will cover employer National Insurance Contributions (NICs) and pension contributions of furloughed workers.
The Government has recently announced a series of measures to help support businesses through the COVID-19 outbreak.
The Self Assessment payment on account deferral scheme will apply to all taxpayers, not just the self-employed, it has been revealed.
Businesses affected by the COVID-19 pandemic are being urged to request a Companies House filing extension before the deadline.
Small to medium-sized businesses in the UK are now able to apply for finance via the Coronavirus Business Interruption Loan Scheme (CBILS) to help them deal with the operating costs of their business and to assist with maintaining cashflow.
Following the Government’s announcement that businesses will be able to defer VAT payments for the period from April – June, HM Revenue & Customs (HMRC) has now confirmed that businesses should cancel direct debits for VAT if they want to utilise the deferment offer.