• Call: 0808 164 4909
Search
Close this search box.
  • Our services
    • For businesses
      • Company Voluntary Arrangement (CVA)
      • Administration
      • Advisory
      • Liquidation
      • Pre-Pack Administration
    • For individuals
      • Trust Deed
      • Sequestration
      • Individual Voluntary Arrangement (IVA)
    • For creditors
    • For referral partners
  • About
    • Insolvency Practitioners Glasgow
    • Insolvency Practitioners London
  • Team
  • Client stories
  • Blog
  • Help
  • Contact
  • Portal
Menu
  • Our services
    • For businesses
      • Company Voluntary Arrangement (CVA)
      • Administration
      • Advisory
      • Liquidation
      • Pre-Pack Administration
    • For individuals
      • Trust Deed
      • Sequestration
      • Individual Voluntary Arrangement (IVA)
    • For creditors
    • For referral partners
  • About
    • Insolvency Practitioners Glasgow
    • Insolvency Practitioners London
  • Team
  • Client stories
  • Blog
  • Help
  • Contact
  • Portal

Home | Blog | Timeline to Government’s Business Support Measures Wind-down

Timeline to Government’s Business Support Measures Wind-down

July 8, 2021
Claire Middlebrook

Over the coming weeks and months, business owners will have to carefully plan their debt obligations and cashflow needs as government support winds down, businesses must contribute to the Coronavirus Job Retention Scheme and repayments for deferred tax liabilities and loans are required.

March 2021

CLBILS, CBILS and BBLS close to new applicants.

April 2021

Recovery Loan Scheme Opens

June 2021

  • CBILS borrowers start to repay interest on their loans (the first 12 months of interest payments were made by the government).
  • BBLS borrowers start to make repayments on their loans (the first 12 months of payments were made by the government). Businesses should consider their options under the Pay As You Grow scheme if they are unable to, or anticipate being unable to afford repayments.
  • VAT Deferral New Payment Scheme closed 21 June 2021.
  • VAT deferral ended 20 June 2021
  • Ban on commercial evictions is extended, but businesses who can open should start to pay rent.
  • Trade Credit Reinsurance Scheme ended 30 June 2021

July 2021

  • Employers CJRS contributions start at 10% of the cost of unworked hours plus total costs of all employers NIC and auto-enrolled pension contributions. Employers who cannot make these contributions may already be considering redundancies.
  • Business rate relief for retail, hospitality and leisure is reduced to two-thirds discount.
  • Future Fund: Breakthrough opens (anticipated).
  • Businesses should consider the need for a Time to Pay arrangement.
  • Individuals should consider the need for a Time to Pay self-assessment arrangement.

August 2021

CJRS contributions increase to 20% of the cost of unworked hours plus total costs of all employers NIC and auto-enrolled pension contributions.

September 2021

  • Furlough scheme ends 30 September 2021.
  • Winding up petitions and statutory demands return on 30 September 2021.
  • Hospitality VAT rate moves from 5 % to 12.5 on 30 September 2021.

December 2021

Recovery loan scheme closes.

March 2022

  • Commercial eviction protection ends.
  • Partial business rates relief for retail, hospitality and leisure ends.
  • Final maturities under the Covid Corporate Financing Facility.
  • Hospitality VAT rate returns to standard rate from 31 March 2022
Previous As A Business Owner, Can You Liquidate Your Company If You Have a Bounce Back Loan? Next Are You Worried About Your Company Strike Off Suspension Due To Unpaid Bounce Back Loans?

Recent posts

Recent Posts
  • Raise Your Hand, Raise Your Profits October 21, 2022
  • Update 01/09/22 – Lundin Links Hotel September 1, 2022
  • Statement – Lundin Links Hotel August 27, 2022
  • £16BN lost to fraud and error in COVID business support schemes February 25, 2022
  • Zombie Companies : The Walking Dead of Business August 18, 2021
  • Are You Worried About Your Company Strike Off Suspension Due To Unpaid Bounce Back Loans? July 15, 2021
  • Timeline to Government’s Business Support Measures Wind-down July 8, 2021
  • As A Business Owner, Can You Liquidate Your Company If You Have a Bounce Back Loan? July 5, 2021
  • 11 Strategies Every Financial Advisor Needs to Have Difficult Conversations with Their Clients June 21, 2021
  • What Is The Recovery Loan Scheme? June 8, 2021
  • Mental Health Awareness : Why We Associated with SAMH (Scottish Association for Mental Health) May 24, 2021
  • What happens if you Don’t Pay Back a Bounce Back Loan? April 15, 2021

Sign up to our newsletter

Sign up

Contact us

Need to speak to one of our financial experts or refer a client?

Get in touch
Referrals
Book a meeting

One Lochrin Square,
92 Fountainbridge, Edinburgh
EH3 9QA
0131 297 7899

ADVISOR HELPLINE

0808 164 4909

ABERDEEN

01224 452 033

Glasgow

0141 465 6429

LONDON

020 8049 4764

  • Privacy Policy
  • Terms & conditions
  • Privacy Policy
  • Terms & conditions
© Middlebrooks 2023 | Company No 489989 | VAT No 203115277

Claire Middlebrook, Scott Bastick and Katie McLachlan are authorised to act as insolvency practitioners in the UK by the Institute of Chartered Accountants of Scotland

Website by 39steps