Coronavirus – Other Government Measures
The IR35 changes, which are in respect of private sector work performed by personal service companies, will deferred until 1 April 2021.
Companies House are allowing companies accounts to be filed up to 3 months late without penalties being incurred. An application has to be made to Companies House before the usual filing deadline of the accounts.
There has been a relaxation of wrongful trading laws appertaining to company insolvencies.
Credit card companies can allow a holiday in respect of monthly card payments. This represents an expensive means of borrowing money as credit cards generally charge high rates of interest.