Planning ahead is always important, and although current circumstances may have made this a little tricky in some areas, there are some things which should be considered sooner rather than later.
The financial support throughout the coronavirus pandemic has been a valuable lifeline for some, however unfortunately, these will soon come to an end, and hopefully an end to the current restrictions will be in sight.
Make sure to take note of the key dates that effect your business and plan ahead for entering the new normal, as after all, failing to plan is planning to fail.
Please remember, whilst we are still facing the ongoing pandemic, the dates below could still be subject to change depending on the circumstances. These dates are correct at the time of publish, and we advise you to double check if any affect you.
The Budget 2021
The Budget will take place on March 3rd. Prime will be hosting a post-Budget webinar with Made in the Midlands at 2:30pm to summarise the main announcements made by the Chancellor, more information on how to tune in will be shared soon.
Coronavirus Job Retention Scheme (CJRS)
The furlough scheme will end on 30 April 2021, however the final claim date has not yet been confirmed.
Coronavirus Loan Scheme
Applications for the Coronavirus Business Interruption Loan Scheme (CBILS), Coronavirus Large Business Interruption Loan Scheme (CLBILS) and the Bounce Back Loan Scheme (BBlS) will close on the 31 March 2021.
VAT Deferral New Payment Scheme
Ending 31 March 2022.
Pay As You Grow
As late as November/December 2030.
Tax relief for home working expenses
No end date has been mentioned.
Job Retention Bonus
The original Job Retention Bonus scheme was cancelled as the CJRS was extended. However the government has said a new bonus system will be announced, which will presumably follow the end of the CJRS.