The Cashflow Cliff-Hanger
Wayne Thomas, partner at Bates Weston, looks at the cashflow pressures that are mounting for businesses.
National Lockdown new one-off top up business support grants
Following the National Lockdown announced yesterday by the PM, the Chancellor announced new one-off top up business support grants for the retail, hospitality and leisure sectors worth up to £9,000. Additionally discretionary funds are also available for other businesses impacted by the lockdown.
Furlough Scheme extended until April 2021
Chancellor extends furlough scheme until the end of April 2021 and Covid-19 business loan schemes extended until the end of March.
Christmas Support Payment for wet-led pubs
Details of the Christmas Support Payment for wet-led pubs, that is those that derive less than 50% of their income from food sales.
Online service for third SEISS grant available from 30 November
The government has announced that the online service for the third SEISS grant is now available. Claims can be made from the date given by HMRC in an email or letter or from within the online service but must be made by 29 January 2021.