Day: May 13, 2020

How to reopen your small business post lockdown

UPDATED: Boris Johnson has outlined the first tentative steps to reopen small business, including the phased reopening of shops and hospitality.

  • Shops will be able to reopen on June 1
  • Some hospitality services will be allowed to re-open from July 4

The government has published its document fleshing out prime minister Johnson’s nationwide address, which goes deeper into its strategy to help reopen small business.

Shops planning to reopen post June 1 could badge themselves “COVID-19 Secure” by following guidelines shortly to be published by government after consultation with business groups and others.

By July, the government would like to

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Self-Employed Income Support Scheme now open for applications

HMRC had opened its portal for Self-Employed Income Support Scheme applications

HMRC has opened its Self-Employed Income Scheme for applications here.

Around 3.5m self-employed freelancers and contractors will already have been contacted by HMRC, deeming that they are eligible for the Self-Employed Income Support Scheme (SEISS).

Freelancers and the self-employed can apply for a one-off payment of up to £7,500 covering three months. This is based at looking at your tax returns for the past three years and then averaging your monthly income. Only freelancers and the self-employed who have been earning up to £50,000 a year can apply

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