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Self Employed and “JRS” – Support From Government
March 27th, 2020

  Please see the link below for our guidance on the financial support for the self-employed/partners in a partnership. If you have questions about the scheme, either contact your normal relationship manager here, or email Karen Morrison and the team working on helping with claims here: selfemployedsupport@milnecraig.co.uk Link to Guidance here: Covid: Support for Self Employed […]

Update: Help for the Self Employed and the Job Retention Scheme Detail
March 27th, 2020

Dear All Update at 27th March 2020. THE SELF EMPLOYED – GRANTS FOR PARTNERS AND SOLE TRADERS The Chancellor announced substantial help for the self employed last night.  Those with taxable profits under £50,000 look set to receive a grant.  We are currently digesting the announcement with a view to reviewing which clients are eligible […]

Self-Employed Income Support Scheme
March 27th, 2020

The long-awaited statement from the Chancellor, Rishi Sunak regarding COVID-19 support for the self-employed has been announced. The Chancellor said that the scheme will benefit some 95% of people whose main income source is derived from self-employment. A list of the scheme features as announced, and published, are as follows: Those that qualify will receive […]

Support with paying your taxes
March 26th, 2020

Further support to businesses and the self-employed, to delay the payment of various taxes was announced last week. They include: VAT Any VAT that falls due for payment in the period from 20 March 2020 to 30 June 2020 can be deferred until the end of the 2020-21 tax year. This is not a cancellation […]

80 percent of your staff wages paid by government?
March 24th, 2020

As one of the additional measures to support businesses affected by the Coronavirus outbreak, Rishi Sunak announced last week that HMRC is to step in and pay up to 80% of furloughed staff wages up to a monthly maximum of £2,500 per employee. Initially, this sounded as if HMRC was going to underwrite 80% of […]

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