Coronavirus Updates - Latest Updates - PKF Francis Clark
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Office closures - Our teams have worked exceptionally hard during the pandemic, so we are giving everyone an extra day’s holiday as a thank you. On Friday 23 July our offices will be closed and we will be offline.

Coronavirus Updates

We’ve pooled together all our experts’ advice and sources of support together in one place. This should make it easier for you to find useful information and to know what your next steps are at this challenging time.

Covid-Illustration

Covid Business Review:

Now is a good time to stop and re-evaluate what your next moves should be by having a complete Covid Business Review.

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Key Dates:

01/04/2021 - Grant Schemes for worst affected businesses

Grant schemes to support businesses in the hospitality, accommodation, leisure, personal care and gyms – up to £18,000 per premises, based on rateable value and for non-essential retail businesses, up to £6,000. Payments from local authorities and they will commence from 1 April (when previous schemes end)

06/04/2021 - Recovery loans - open until 31/12/2021

Recovery loans are taking over from CBILS and BBL – loans between £25,000 and £10m per business. Invoice and asset finance facilities between £1,000 and £10m per business

30/06/2021 - 100% business rates holiday for certain businesses ends

An extension to the business rates holiday for retail, hospitality and leisure businesses amounting to 100% comes to an end. After that businesses will pay a third of rates until the end of the year.

31/07/2021 - Support for self employed ends

Support for the self employed until 31 July 2021, including those who are ‘newly’ self employed.

Based on 80% of the last 3 months trading profit up to £7,500. This will include anyone who has filed their 2019/20 tax return by midnight on 2 March 2021.

30/09/2021 - CJRS (Furlough) Extension

CJRS has been extended to 30 September 2021 – nothing change for employees, employers will contribute 10% from July and 20% from August and September.

30/09/21 - VAT reduced rate of 5% for certain businesses ends

5% reduced VAT rate extended for hospitality, accommodation and attractions is extended to end of September, moving to 12.5% until 31 March 2021.

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