Coronavirus: tax expert explains emergency measures for businesses in Stamford, Rutland, Bourne and the Deepings
A tax policy expert has set out what the numerous emergency measures rolled out by the Government will mean for businesses in light of the coronavirus pandemic.
Here, Brian Palmer, of the Association of Accounting Technicians (AAT), explains the support package and what it will mean for small businesses.
The topics covered in this article include the Coronavirus Job Retention Scheme; Deferring VAT and Income Tax payments; sick pay; support for retail, hospitality and leisure businesses; support for nursery businesses; support for businesses that pay little or no business rates; Coronavirus Business Interruption Loan Scheme; additional tax support; insurance; and off-payroll working (IR35) delay.
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