Today the British Chancellor Sunak has just outlined an unprecedented of level of financial support for the self-employed in response to the COVID-19 situation, which we at The British Institute of Kitchen, Bedroom & Bathroom Installation (BiKBBI) broadly welcome.
Key outputs from today’s announcement:
In preparation for HMRC contact, we suggest that members review the last three years of annual income tax returns (or whatever they do have), which will help them understand how much can be claimed when the time arrives.
BiKBBI’s resident accountant, Dean Flood of Rowland Hall, will assist us to communicate updates over the next few days, details of which will be published on our news pages daily and regular member email updates.
The above support is in addition to the support already laid out by government, to include penalty free mortgage and rent relief, the deferring of HMRC liabilities, grants and cashflow loans – all of which are detailed within the government website.
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