Winter Economy Plan – How does it affect my business?
On 24 September 2020, Rishi Sunak announced his Winter Economy Plan.
This replaced the standard Budget to reflect the new lockdown measures and the impact on businesses and individuals for the next 6 months.
As expected, a replacement to the Furlough scheme was announced, but how will it work? And what other measures were introduced?
In this short video, we explain the effect on businesses of the Job Support Scheme, the updated Self-Employed Income Support Scheme, deferrals to VAT and Tax payments, and the changes to CBILS and Bounce Back Loans.
We are a firm of Chartered Accountants based in Liverpool. We work with business owners across Liverpool, Merseyside, and the whole of the UK.
As well as accounts and tax for businesses and individuals, we specialise in business growth advice to entrepreneurs.
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