Now the dust has settled and a lot of the detail has now been released, I thought we’d take a closer look at what was announced in the Chancellor’s spring budget. I’m just going to be looking at things specifically related to small businesses here, but the full budget can be found on the Government website.
Blogs about Government Support
It’s now been a couple of weeks since the Chancellor announced the latest financial support for businesses feeling the effects of the COVID-19 pandemic. To find out what’s available and what you’re eligible for, head over to COVID-19 financial support post. Understandably, it’s just the top level details that have been announced at the daily briefings, with the finer details following later, and often being drip-fed into HMRC’s guidance. This has led to a lot of speculation being passed around as fact, so I thought I’d look at some misconceptions that I’ve seen being discussed. I’ll be concentrating on the Self Employed Income Support Scheme (SEISS) here, but will be covering limited companies and some other schemes available in future posts.
I know that many of you are worried about the current situation, and the effect it could have on your businesses. The original financial support measures announced back in March were designed to take us through to May/June. As a result extensions and changes have since been announced in order to provide further support for the next few months.