Support for employers and businesses

 

In response to the Coronavirus the government has created a bold £330 billion package of support for businesses to help them retain staff and maintain their operations.
 

A full list of measures along with the relevant web-links will be supplied below. Please follow the guidance set out below before contacting my office:

 

For bespoke guidance from HMRC contact their dedicated hotline:
 0800 015 9559

 

  1. Coronavirus Job retention scheme:

    1. HMRC will reimburse 80% of employees’ wages
    2. All UK employers with a PAYE scheme will be able to access the scheme.
    3. This includes employees who are still working and those who have been furloughed. (workers who have been asked to stop working but are still on the payroll)
    4. To access the scheme click here here.

THE JOB RETENTION SCHEME WILL CLOSE TO NEW APPLICANTS ON 30TH JUNE 2020

THE SCHEME WILL CLOSE ON 31ST OCTOBER 2020

  1. Deferring VAT and Income Tax Payments

    1. VAT payments have been delayed until 30th June 2020
    2. Income Tax payments due in July have been deferred until January 2021
      1. The scheme is automatic, but you can find out more here.
  2. Self-employment Income Support Scheme

    1. Self-employed workers will be able to claim a taxable grant worth 80% of your trading profits, up to a maximum of £2,500 a month
    2. Find out more here

THE SELF-EMPLOYMENT SCHEME WILL REMAIN IN PLACE UNTIL 31ST AUGUST 2020

  1. Support for retail, hospitality, and leisure businesses

    1. Retail, hospitality, and leisure businesses in England will pay no business rates for the 2020 to 2021 tax year
      1. No action is required, you may need to contact your local authority to reissue your bill
    2. They are also eligible for a £25,000 cash grant per property
      1. Contact your local authority to access the scheme
  2. Small Business Grant Scheme

    1. A one-off cash grant of £10,000 will be available for small businesses who access small business rate relief (SBRR), rural rate relief (RRR), and tapered relief
      1. Contact your local authority to see if you’re eligible
  3. The Coronavirus Business Interruption Loan Scheme

    1. Businesses can access loans worth up to £5 million
    2. The Government will cover the first 12 months of interest payments and any other lender-levied fees
      1. Contact you bank or building society to see if you are eligible
  4. HMRC Time to pay scheme

    1. All businesses and self-employed people can receive support paying their tax bill through this service.
    2. Contact the HMRC dedicated line: 0800 0159 559 
  5. Protection from Eviction

    1. Businesses who cannot pay their rent will be protected from eviction. Find out more here
  6. Additional Government resources

    1. There are more resources available to help your business navigate the pandemic and utilise government backed support. These include webinars, the find a job service, and business support lines.
    2. The full list can be found here.
  7. Advice and Support from outside Government

    1. A full list of external providers of advice and support for businesses can be found here.
  8. Case Studies

    1. The government has prepared useful case studies of businesses who have accessed Coronavirus support.
    2. The case studies range from broad general examples to specific ones also.
    3. Click here for more information.

Reopening your business safely

  • Employers that want to reopen their business have a legal responsibility to protect their employees and other people on site.
  • Use this guidance to help you carry out a risk assessment and make sensible adjustments to the site and workforce.
  • If you do not carry out a risk assessment, the Health and Safety Executive (HSE) or your local council can issue an enforcement notice.
  • Employees can use this guidance to check what their workplace needs to do to keep people safe.
  • This guidance is only for businesses that are allowed to reopen in England.

 

Updated 23rd June 2020