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Recovery Loan Scheme

Ian Marlow

A new Recovery Loan Scheme was launched 6 April 2021, to provide much needed liquidity to businesses affected by COVID lockdown measures. Under the scheme, loans of up to £10m are available. The minimum facility sizes vary, starting at £1,000 for asset and invoice finance, and £25,001 for term loans and overdrafts. The Recovery Loan Scheme...

loss relief carry back extension

Ian Marlow

HMRC have announced a temporary extension of loss relief carry-back for both companies, sole traders and partnerships, as many businesses across the UK are likely to make losses in the 2020-21 tax year due to the havoc resulting from COVID disruption. The recent Budget announced that losses can be carried back for an extended period...

 2021 Budget Summary

Ian Marlow

More has been disclosed or leaked, of the 2021 Budget announcements than in previous years. But we now have the details and there is a lot to consider. The following 2021 Budget summary is split into four sections:COVID-19 related support measures for UK businesses Support for the UK housing market Taxation changes Other announcementsThe...