As coronavirus lockdown restrictions ease, businesses across the country are faced with a period of reactivation and reimagination. What does the ‘new normal’ mean for your operations and workforce? In the articles below, our experts share their advice for rebuilding and succeeding in a significantly changed world.
Latest updates
The Coronavirus Job Retention Scheme Extension (CJRSE) runs to the end of April 2021 with support remaining at 80% of the employee’s reference salary (subject to the £2,500pm cap). The claim deadlines are 14 days after month end and any adjustments to them must be made by 14 days after that. On 26 January 2021 claimants for December 2020 will have their name published on gov.uk and from February their claim value by band will also be made public in this way. There are very limited HMRC exemptions to this, for which application must be made. From February HMRC will also include details of CJRSE claims made for them for claim periods starting on or after 1 December 2020 in furloughed employees’ Personal Tax Account. Find out more.
On Monday 7 December the Government announced a new General Export Facility (GEF), designed to help SME exporters with the costs of exporting and scaling-up. Eligible businesses can apply for government-guaranteed finance from the UK’s five largest banks. For GEF details and eligibility criteria, visit gov.uk.
Many businesses have struggled to remain afloat as the reality of global shutdowns has bitten hard. We look at the impact on the bottom line – exploring everything from cash flow, losses, and tax obligations to debt deferments and preparing a business for sale.
