Update to Government Support Schemes

Coronavirus Job Support Scheme
The Government has today announced that the Coronavirus Job Retention Scheme will now be extended from 31 March until 30 April 2021. The criteria for the extended scheme remain the same with the Government continuing to pay up to 80% of hours not worked up to the cap of £2,500 per month.

Updated guidance on paying deferred VAT
The Government have updated their guidance on paying any VAT that was deferred during the period from 20 March to 30 June 2020. The deferred VAT was originally payable by March 2021 but following more recent announcements this has now been extended, interest free, to March 2022.
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To take advantage of the new payment scheme businesses need to opt in by the end of March 2021 through their Government Gateway account and more information on this can be found here.

Coronavirus Loan Schemes
Access to the Coronavirus Loan Schemes (Bounce Back Loan Scheme, Coronavirus Business Interruption Loan Scheme and Coronavirus Large Business Loan Interruption Loan Scheme) have been extended from 31 January until to 31 March 2021.

2021 Budget Speech
The Budget speech has been confirmed to take place on 3 March 2021.
 
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