Bookkeeping Bites – Rishi Rolls Out the Support

😍 Dishi-Rishi 😍 did not disappoint – further support galore announced this morning, for days past the 31st October….
1️⃣ OUT with FURLOUGH, IN with the JOB SUPPORT SCHEME
✳️From 1st November, employer pays one third, Big G pays two thirds of employee’s wages…..
✳️ Any catches? Well, we heard the words ‘BUSINESSES WITH DEPRESSED INCOME’ being used
✳️ Is this a possible eligibility criteria?
2️⃣ Extension to the Self-Employed Income Support Scheme
✳️ Using same terms as the Job Support Scheme above
✳️ Watch this space!
3️⃣ Assistance with CASH FLOW
☢️☢️ Warning! New lingo! new lingo! new lingo! ☢️☢️ “PAY AS YOU GROW” (we like your style Big G, we like your style)
✳️ MORE TIME ⏰ MORE FLEXIBILITY🙅🏽‍♀️ to repay
💥 Bounce Back Loans (BBLs)
💥 Covid Business Interruption Loans (CBILs)
💥 Deferred VAT & Self-Assessment tax payments
4️⃣ EXTENSION of the reduced rate of 5% VAT for the 🍔 HOSPITALITY 🍔 & ✈️TOURISM ✈️ sectors
✳️ Extension from 13th Jan to the 31st March 2020
Phew! What a ride you are taking us on Big G, but we are with ya all of the way!!
👹👺Devil 👺👹is in the detail people, as soon as guidance is released, we will let you know.
😍😍😍 Stay safe everyone 😍😍😍