Changes to VAT penalties and interest from 01 January 2023
Changes to the Bounce Back Loan and Coronavirus Business Interruption Loan Schemes The Bounce Back Loan Scheme (BBLS) has provided support to many UK-based small businesses. Loans are between £2,000 and £50,000, capped at 25% of turnover, with a 100% government guarantee to the lender. The borrower does not have to make any repayments for…