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WILL MY BUSINESS QUALIFY FOR A LOCAL AUTHORITY DISCRETIONARY GRANT? On 29 May 2020 a new Discretionary Grant Fund was launched to support small and micro businesses that are not eligible for other grants, such as the £10,000 small business grant. As a quick re-cap, most small businesses that were eligible for small business rates

JOB RETENTION SCHEME EXTENDED TO OCTOBER: GREATER FLEXIBILITY, LESS SUPPORT Last month the Chancellor announced that the Job Retention Scheme for furloughed employees would be extended until October, and further details have now been confirmed. The Job Retention Scheme has been a lifeline for businesses adversely affected by Coronavirus, allowing employers to furlough employees, and

SELF-EMPLOYMENT INCOME SUPPORT SCHEME EXTENDED UNTIL AUGUST The Coronavirus Self-Employment Income Support Scheme (SEISS) was announced back in March, and gave the self-employed a grant of up to £7,500 if their business had been affected by COVID-19. On 29 May 2020 Chancellor Rishi Sunak announced that the SEISS will be extended, with a second and

SELF-EMPLOYMENT INCOME SUPPORT SCHEME GOES LIVE ON 13 MAY 2020   The Coronavirus Self-Employment Income Support Scheme was announced back in March, and gives the self-employed a grant of up to £7,500 if their business has been affected by COVID-19. HMRC have confirmed that the scheme will go live at 8am on 13 May 2020

Lettings relief provides additional relief for tax where a property that has been occupied as a main residence is let out. For disposals prior to 6 April 2020, relief was available where a property was let as long as that property had at some time been the owner’s only or main residence. However, availability of