The Chancellor has announced unprecedented measures to support the self-employed. Full details of the Self-employed income support scheme are yet to be published (as of 26 March) but it has been promised that the UK Government would pay up to 80% of self-employed individuals' profits (up to a cap) that have been adversely affected by the Coronavirus outbreak.
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In the last few days HMRC have revealed that any British expatriates stuck in the UK because of the coronavirus crisis and worried they might be caught out by the stringent UK tax residency rules can breathe a sigh of relief.
The Government has recently been implementing various measures to assist in alleviating the financial worries' that we might be faced with, one of which is the new government policy which allows borrowers to apply for a mortgage payment holiday of up to three months. Here we look at how it works?
We live in unprecedented times. We know that vulnerable individuals with underlying health issues are at risk if they contract the coronavirus. Governments across the world have introduced various measures in an attempt to contain the spread, most notably self-isolation. Unfortunately, the benefits that self-isolation do bring additional problems for other individuals in society who may be at risk, such as those who are the victims of domestic abuse.
A major concern for almost all businesses at the moment is the economic impact of the Coronavirus. The government recently announced a number of measures to provide businesses with additional financial support and to ease the tax burdens for the next few months.