Deferral of Self-Assessment Payments On Account

Written by Tony Shackleford on March 26, 2020.

Self-assessment tax payers who are due to make a payment on account by 31 July 2020, can defer the payment until 31 January 2021. There is no interest or penalties chargeable on the tax deferred.

coronavirus, defer payment on account, payments on account deferral

Eviction Of Residential Tenants

Written by Tony Shackleford on March 26, 2020.

The Government announced that evictions of tenants from residential properties for non-payment of rent are prohibited for a 3 month period. On 5 June 2020 a further announcement extended the prohibition...

coronavirus, eviction suspension, residential eviction

Coronavirus – Suspension Of Mortgage Payments

Written by Tony Shackleford on March 26, 2020.

Individuals can apply to their mortgage provider to request a suspension of mortgage payments for up to 3 months. Residential landlords are also eligible to apply for the suspension of mortgage payments...

coronavirus, mortgage, mortgage payment suspension, Mortgage suspension

Deferment Of tax Payments To HM Revenue And Customs (HMRC) (Time To Pay Scheme)

Written by Tony Shackleford on March 26, 2020.

The Government has announced that HMRC will look favourably on business which request deferment for the payment of taxes. This is in situations where they have difficulty making payments due to the...

coronavirus, Defer HMRC Payment, Time to pay

Coronavirus – Loans Guaranteed By The Government For Small Businesses ( Coronavirus Business Interruption Loan Scheme)

Written by Tony Shackleford on March 26, 2020.

Businesses can apply to their business bank, or one of the 40 lenders, who are included in the scheme. The loans can be bank loans, including invoice discounting and factoring loans. If a bank rejects...

Bank Loans, coronavirus, Coronavirus Business Interruption Loan Scheme, government loans