Cocooning a business

Cocooning a business

The purpose of this downloadable guidance is to give an overview of what, why and how a business might be cocooned (or mothballed) in response to the change in trading environment arising from Covid-19.

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Parked up company car

MOT’s due from 30 March 2020

Your car, van or motorcycle’s MOT expiry date will be extended by 6 months if it is due on or after 30 March 2020 – but you must keep your vehicle safe to drive. The Driver and Vehicle Licensing Agency (DVLA) has confirmed that MOT expiry dates will be extended by 6 months for all MOTs due on or after 30 March 2020.

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Universal Credits Fact Sheet

Universal Credits Fact Sheet

Universal Credits is not an area we generally advise clients on, however we are finding that some of our clients are falling into UC and the world of State Benefits as a result of the Pandemic. We have therefore put together this fact sheet to detail information and where to go on the Government web pages for help and support if this is something which you find yourself having to consider.

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Business woman looking at accounts

Extension to filing deadline for Company Accounts

From today (25 March 2020), businesses will be able to apply for a 3-month extension for filing their accounts. This joint initiative between the government and Companies House will mean businesses can prioritise managing the impact of Coronavirus.

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Pile of coins with COVID letters over

Coronavirus Job Retention Scheme

Under the coronavirus Job Retention Scheme, all UK employers with a PAYE scheme will be able to access support to continue paying part of their employees’ salary for those that would otherwise have been laid off during this crisis.

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VAT Meeting

Coronavirus VAT Payment Deferral

The Government will support businesses by deferring Valued Added Tax (VAT) payments for 3 months. The deferral will apply for payments dates falling between 20 March 2020 to 30 June 2020. All UK businesses are eligible.

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Get Ready For More R&D Changes

R&D tax credit changes

The Conservative Party manifesto also included a promise to increase R&D expenditure relief for non-SMEs from 12% to 13% and this was confirmed in the March Budget.

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