This is a temporary scheme open to all UK employers for at least three months starting from 1 March 2020. HMRC expect the scheme to be up and running by the end of April.
Companies House have said businesses can apply for an extension of up to 3 months to allow for delays caused by COVID-19. You have to give a reason why you want to defer, and it will only be granted if applied for before the original filing date. This is useful for all companies not subject to any other filing regs. such as FCA.
Q: What does the word 'furlough' mean?
The latest package of measures to be announced by the Chancellor on Friday to support business and individuals through the disruption caused by COVID-19 include:
The Coronavirus Business Interruption Loan Scheme is now available. The scheme is operated by the British Business Bank and will be provided by accredited lenders, which include all major banks. Depending on the lender, many different products are available in addition to loans. Please use the link below for current information on the scheme, and eligibility and limitations. Please contact one of the team to discuss your specific circumstances.
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.
This includes a package of measures to support businesses including: