Chancellor's Winter Economic Plan
- New Job Support Scheme to replace the Job Retention Scheme from 1 November 2020
- Extension of time to repay deferred VAT falling due on 31 March 2021, over 11 months.
- CBILS application deadline extended 2 months to the 31 November 2020 plus reference to a new loan scheme for January 2021.
- Further extension of time to repay CBILS and Bounce Bank Loans.
- Support for hospitality and tourism with extension of 15% VAT cut to 31 March 2020.
- Extension of restrictions on Statutory Demands, Winding Up Petitions and Landlord Forfeiture to 31 December 2020.
- Protection for directors from wrongful trading will not be extended from 30 September.
For media enquiries, please contact:
Tel: +44 (0)20 7186 1144
Moorfields is one of the UK's leading independent firms of restructuring and insolvency specialists. Our highly skilled teams include restructuring professionals and licensed insolvency practitioners who provide leadership, experience and high quality advice to companies and their stakeholders in financially distressed situations.View all Our News