16 Mar Covid 19 – Help for small businesses
The Chancellor has set out a package of temporary, timely and targeted measures to support public services, people and businesses through this period of disruption caused by COVID-19.
Please read the full details here https://www.gov.uk/government/publications/guidance-to-employers-and-businesses-about-covid-19/covid-19-support-for-businesses
Advise from HHBA member Paula Tomlinson at On the Spot Accountants regarding a top Tax Tip:
Practical steps to take if you have reduced sole trader/partnership income due to the Coronavirus?
As we’re near the end of a tax year, send your tax return in soon after 6 April 2020 showing reduced profits and you should
generate a refund from your January payment on account and pay a lower second payment on account in July.