Small and medium sized businesses will have access to grants of between £1,000 and £5,000 to help them access new technology and other equipment, as well as pay for accounting, legal, HR or other advice to help them get back on track.
VAT that was payable between 30th March 2020 and 30th June 2020 could be deferred and paid before 31st March 2021. This can now be paid over 11 months during the 2021/22 tax year, in order to help businesses with their cash flow.
The chancellor has announced that the self employment income support scheme will be extended, with another 3 months average profits being paid in August. This will be at 70%, as opposed to the 80% received in May.
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