COVID-19 Business Support & Income Tax Updates

Update on Job Retention, deferred VAT and Income Tax, and business grants. Please read and share with other people that may be interested.

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A Coronavirus Job Retention Scheme

All UK businesses are eligible. You will need to:

Designate affected employees as ‘furloughed workers,’ and notify your employees of this change - changing the status of employees remains subject to existing employment law and, depending on the employment contract, may be subject to negotiation