Last updated: 01 April 2020
Guidance to Employers and Business about CoVid19. Government Guidance
00:00 – So there is this thing called time to pay that it’s been around for a while, but the government haven’t really HMLC have not really been playing ball with that. Since the old days. They used to do time to pay, but what they found was when they gave people time to pay, it would end up owing more money.
Hi, my name’s Gordon D’Silva, and on this particular video, I just want to just give you the heads up on time to pay. It goes, it applies to corporation tax, VAT, not so much. That’s just normal, but it does apply to a to P, a. Y. E if you O P, a, Y. E if you. Um, corporation tax, then you can apply for time to pay.
Now there is interest at 3.25%, I believe, per annum. So relatively low interest rate, but you can get time to pay. And remember, if you all are looking at getting the loan from the business, from the British bank through your own bank, uh, I’ve been told, uh, on a high authority that they’re going to be looking for you using.
01:00 – Oh, the other release that are possible. Okay. The retention scheme, the VAT deferral and so on and so on. So please make sure you’re using the time to pay. It does mean you’ve got to phone the HMLC, which means you might be waiting on hold. Maybe an hour, maybe three hours, maybe four hours as my tip the best.
I want this to go viral, but I don’t want it to go viral. Uh, but the best article is about eight, eight 30 in the morning when they just opened up. Everyone’s still waking up. Uh, but, uh, you can get in that false and hopefully he might have a 20 or 45 minute wait rather than a three hour wait. It’s a bit like the supermarket is trying to get an order online at the moment.
It’s quite tricky. All right. That’s it before that and fully a time to pay a, there’s a link on this piece, which will hit you in the right direction either to one of my, one of my, one of my blogs, or within the blog, there’ll be links to the various in revenue sites.
02:00 – Okay. So, uh, use this site and it’s there to be used by British businesses, um, spending as much time as I possibly can, which is quite a lot because you know, everyone’s in lockdown.
And I’m here to support British businesses, especially my clients, to to survive, to fight another day. In the meantime, his golden wishing you every piece of health and good fortune you can get. I hope your family, your loved ones, your team, your team’s families, all of these people, everyone stay safe.
We’re in desperate times right now. The numbers are scary. And how false they growing. That may, may luck be on our side that we, uh, we get through this. I’m sure we will. And when we get to the other side, these strong, I’ve created a, a little bit of a recording on what may be waiting for us on the other side of lockdown.
03:00 – And the other side of the, of the coded 19, uh. Problems that that’s being caused in the economy, in businesses, in individuals, in the thinking, in governments, in finance, in the economy, in the global economy. If you don’t believe that, that’s anything’s going to change. Uh, that’s fine. I’m all about let’s prepare for the worst, and then let’s go ahead and get, get, uh, looking for the best and taking action for the best.
Okay, so this is me signing off. Take care. All the best. Goodbye.
