Day: March 21, 2020

The Government recognise that businesses may need to make staff cut backs either through short term lay-offs or through redundancies. Either way this will have a big impact on employees’ livelihoods and if they lose key staff, the businesses ability to prosper after the current economic crisis has past. In

In response to the economic impact of coronavirus on business, on 20 March the Chancellor announced that there would be a VAT holiday and no business will be required to make VAT payments for the next VAT quarter. Consequently no businesses will be required to pay any VAT until the