In yesterday’s daily Coronavirus update, the Chancellor announced further measures to protect businesses and their employees. These include:
- The next quarter of VAT payments for firms will be deferred until the end of June
- The government will pay grants of 80% of wages for employees not working, up to £2,500 a month, more details of the specifics of how this will work to follow
- Self-assessment income payments would be deferred
- Business interruption loans would be interest fee for 12 months, rather than the six months previously announced
We will be issuing further details on the support available for businesses.
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