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Coronavirus/COVID-19 July 2020 update. There are some new deadlines and dates for our diaries. This update highlights some of the key measures that may now need your urgent attention.

On your bike!

The Fix Your Bike Voucher Scheme is aimed at getting old bicycles back on the road.


Employee Job Retention Scheme (JRS)

Deadline: 31 July 2020. This is the last day to make a claim for furloughed wages for periods ending on or before 30 June 2020.

The new furlough-work scheme applies from 1 July:

Employers now have the following options:

As an incentive to keep going, the government will now also pay a Job Retention Bonus of £1,000 per employee for each employee brought back from furlough and continuously employed to 31 January 2021. They must earn at least £520 per month on average between 1 November 2020 and 31 January 2021.

See Employee Job Retention Scheme (JRS) 


Self-Employed Income Support Scheme (SEISS)

HMRC's claims portal for the second grant opens in August 2020. 

Claims for the second round of grants at the lower rate may be made from 17 August with a deadline of 19 October 2020.  

See COVID-19: Self-Employment Income Support Scheme (SEISS)


Deferring Income Tax payments

Deadline: Income Tax payments on account for 2019/20 tax year under the Self Assessment system would normally due by 31 July 2020.

See COVID 19: Deferring Income Tax payments


CGT: Soft landing ending on penalties under a new 30-day reporting regime

See Change to new CGT reporting


New Grant funding for SMEs

See £20m in new grants for SMEs


VAT

See Reminder: Reinstate your direct debits for VAT


Bounce back loan

See COVID-19 Government Support Tracker  


Business taxes: Time to Pay

See COVID-19: Time to Pay


For more measures

See COVID-19 Government Support Tracker and also our Finance Act 2020 Rolling Tracker and Planner.

Both of these track government measures to support individuals and businesses, as we get through COVID-19.