Bounce Back Loan Borrowers Have Greater Flexibility For Repaying Back Their Loan
Date:
Category:
Latest News
If your business took advantage of the Bounce Back Loan then you will now have more flexibility when considering how and when to repay. Rishi Sunak has announced the following options:
- Extend the length of the loan from six years to ten
- Make interest-only payments for six months, with the option to use this up to three times throughout the loan
- Pause repayments entirely for up to six months
Read the complete article for further information on the Gov.uk website below;
Related news
Coronavirus Job Retention Scheme (CJRS) – How employers can minimise the risk of potential penalties
As expected, HMRC have begun to investigate those Employers who may have been claiming incorrect furlough grant payments through the CJRS.
View article about Coronavirus Job Retention Scheme (CJRS) – How employers can minimise the risk of potential penaltiesFrom 1 March 2021, contractors who employ subcontractors, will need to assume responsibility for declaring and paying the VAT that was previously settled by their VAT registered subcontractors.
View article about Domestic Reverse Charge VAT for Construction Services- Implemented from 1 March 2021





