Covid-19 Government Briefings

COVID-19 BRIEFING FOR SME’S ISSUED AT 1700 hrs on 17th SEPTEMBER 2020

the denver post office and federal court house

INTRODUCTION This Bulletin gives a summary of the outcome of the Court case brought by the Financial Conduct Authority (FCA) to clarify the law regarding claims against insurance policies resulting from the effects of Covid-19. BACKGROUND Many companies and other trading organisations have commercial Business Interruption Insurance (BII), which is designed to give them cover …

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COVID-19 BRIEFING FOR SME’S ISSUED AT 1800 hrs on 16th AUGUST 2020

URGENT FINANCIAL INFORMATION UPDATE New Self-Employment Income Support Scheme (New SEISS) A new, additional grant scheme to help self-employed people opens on Monday 17th August. People can now apply for New SEISS, regardless of whether or not they qualified for a grant under the original SEISS scheme. Although the criteria for New SEISS are similar …

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COVID-19 BRIEFING FOR SME’S ISSUED AT 1800 hrs on 8th July 2020

OVERVIEW Extended tax cut for Personal Protective Equipment (PPE) & national supplies The Government has announced the temporary scrapping of VAT on PPE for use in infectioncontrol has been extended until 31st October – saving care homes and businesses dealing with theCoronavirus outbreak about £155 million. Import duty on PPE continues to be zero rated. …

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COVID-19 BRIEFING FOR SME’S ISSUED AT 1230 hrs on 27th MAY 2020

OVERVIEW EXTENSION TO MORTGAGE HOLIDAYS The Financial Conduct Authority (FCA) has announced proposals which will continue support for customers who are struggling to pay their mortgage due to Coronavirus crisis. The proposal outlines the options Lenders will be required to provide customers coming to an end of a payment holiday, as well as those who …

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COVID-19 BRIEFING FOR SME’S ISSUED AT 0930 hrs on 20th MAY 2020

OVERVIEW Business Interruption Insurance Update Introduction Last week we told you that the Financial Conduct Authority (FCA) was considering what measures it should take to help businesses that had tried unsuccessfully to claim on their Business Interruption (BI) insurance policies. The Coronavirus pandemic and the Government controls imposed as a result are causing a substantial …

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London: 020 7082 8100 | Kent: 01303 760 805 | Bucks/Berks: 01494 419 192

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