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Government pressures banks to support small independent businesses

3 Apr 2020

The Business Secretary has called on high street lenders to ease access to the Coronavirus Business Interruption Loans Scheme (CBILS) for small independent retailers during the crisis.
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National Living Wage Increases and Future Targets

2 Apr 2020

The National Living Wage and National Minimum Wage rates increased yesterday, following recommendations made to the Government by the Low Pay Commission
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Local Bike Shop Day 2020 postponed following retailer vote

31 Mar 2020

As Local Bike Shop Day is a day encompassing the whole trade, the final judgement was given to the bike shops that had signup to take part. Out of all the respondents the overwhelming majority -... Read more…

IRC supports Government's challenge to business insurers

31 Mar 2020

The Treasury Select Committee led by Mel Stride MP, has challenged the Association of British Insurers (ABI) regarding the support offered to business via their members, with specific regard to... Read more…

Nearst enables you to stay in contact with your customers via Whatsapp

27 Mar 2020

ActSmart partner NearSt introduce the option to add WhatsApp chat functionality on your NearSt shop page!
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eBay Supports Small Businesses by Waiving Fees

27 Mar 2020

eBay has today pledged to support small business owners by offering a 30day payment holiday for existing sellers and is waiving fees for all new businesses registering to list or sell until... Read more…

Deferral of VAT payments as a result of COVID-19

27 Mar 2020

UK VAT registered business with VAT payments due between 20 March 2020 and 30 June 2020 have the option to defer the payment until a later date or pay the VAT due as normal
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Coronavirus Job Retention Scheme guidance

27 Mar 2020

Check if you could be covered by the Coronavirus Job Retention Scheme
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Government Announces Three Month Extension for Businesses to File Accounts

26 Mar 2020

The deadline for filing all accounts will be extended by three months for businesses that have been affected by Covid-19
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Help with non-domestic rates in Scotland during coronavirus (COVID-19)

25 Mar 2020

To help owners of non-domestic properties, including businesses, deal with the impact of COVID-19, the Scottish Government has made changes to non-domestic rates (business rates) for 2020-21.... Read more…

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Government Announces Three Month Extension for Businesses to File Accounts

Posted on in Business News, Cycles News

The Department for Business, Energy and Industrial Strategy announced Retail yesterday morning (25th March) that the deadline for filing all accounts will be extended by three months for businesses that have been affected by Covid-19. Under normal circumstances, companies that file accounts late are issued with an automatic penalty.

As part of the measures, while companies will still have to apply for the three month extension to be granted, those citing issues around Covid-19 will be automatically and immediately granted an extension.

Business Secretary Alok Sharma said: "We have outlined a business support package on an unprecedented scale, backing companies and their employees through these challenging times. But it is important that our support is not limited to financial assistance. We are determined to help businesses in any way we can, so that they can focus all their efforts on dealing with the impact of Coronavirus, and this new offer of a three month extension for filing accounts is part of that."

The extension on filing accounts builds on the existing measures that Government have announced to support businesses. A full list of these is available here.

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