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Articles

Covid timeline – Finance

23 Sep 2020 | 1 minute read

Our timeline lays out the key financial dates you need to be aware of that could see changes that will affect your business, covering key legislation, policy and legal updates.

Final day:

for qualifying small and medium sized businesses to apply for the Bounce Back Loan;
for qualifying small and medium sized businesses to apply for support under the Coronavirus Business Interruption Loan Scheme (“CBILS”);
for qualifying medium and large sized business to apply for support under the Coronavirus Large Business Interruption Loan Scheme (“CLBILS”);
To arrange the transfer of the following loans up to £50,000 into the Bounce Back Loan Scheme with your lender:
CBILS;
CLBILS; and
COVID-19 Corporate Financing Facility

31 March 2021 – Suspensions on the following are lifted:

- Winding Up Petitions presented between 1 March 2020 and 31 March 2021 (where the pandemic caused the relevant financial difficulties); and
- Winding Up Proceedings based on Statutory Demand that was served between 1 March and 31 March 2021.

End of business rates relief for businesses in the retail, hospitality and leisure sectors.

– End of temporary 5% reduced rate of VAT for hospitality, holiday accommodation and attractions.

Please note, all information and upcoming dates in the timeline are subject to change and apply to England. Please contact us for other jurisdiction variances.

Visit our coronavirus hub