The Winter Economic Plan

Extra Help for Small Business Owners

Here are 5 extra support offerings for small business owners announced on 24th September 2020

The Government has extended the 15% VAT cut for the tourism and hospitality sectors to the end of March next year.


Businesses who deferred their VAT between March & June 2020 will no longer have to pay a lump sum at the end of March next year. They will have the option of splitting it


The Self-Employment Income Support Scheme extension will support viable traders who are facing reduced demand over the winter months, covering 20% of average monthly trading profits via a third government grant payment.


From 1 November, for the next six months, the Job Support Scheme will protect viable jobs in businesses who are facing lower demand over the winter months due to Covid-19. The graph explains everything!!

Job support-COVID-PJCO-Peter jarman-accountants

The application deadline for all coronavirus loan schemes – including the Future Fund – has been extended to 30 November ensuring even more businesses can benefit from government-backed support.

Small businesses which have borrowed under the Bounce Back Loan Scheme will be offered the choice of more time and greater flexibility for their repayments.

PAYG-COVID-PJCO- Peter Jarman-accountants

If you need any support with the COVID-19 schemes please give us a call and we will be happy to help you out!


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