CORONAVIRUS SUPPORT FOR BUSINESSES PAYING TAX: TIME TO PAY SERVICE
Updated Friday 27 March All businesses and self-employed people in financial distress, and with outstanding tax liabilities, may be eligible to receive support with their tax affairs through HMRC’s Time to Pay service. These arrangements are agreed on a case-by-case basis and are tailored to individual circumstances and liabilities. Who is eligible? You...
SUPPORT FOR BUSINESSES THROUGH THE CORONAVIRUS BUSINESS INTERRUPTION LOAN SCHEME
Updated Friday 10th April A new temporary Coronavirus Business Interruption Loan Scheme, delivered by the British Business Bank, will launch this week (w/c 30 March) to support primarily small and medium-sized businesses to access bank lending and overdrafts. The Government will provide lenders with a guarantee of 80% on each loan...
CORONAVIRUS SUPPORT FOR BUSINESSES THAT PAY LITTLE OR NO BUSINESS RATES
Updated Friday 27 March The government will provide additional Small Business Grant Scheme funding for local authorities to support small businesses that already pay little or no business rates because of Small Business Rate Relief (SBRR), Rural Rate Relief (RRR) and tapered relief. This will provide a one-off grant of £10,000...
CORONAVIRUS CASH GRANTS FOR RETAIL, HOSPITALITY AND LEISURE BUSINESSES
Updated Friday 27 March The Retail and Hospitality Grant Scheme provides businesses in the retail, hospitality and leisure sectors with a cash grant of up to £25,000 per property. For businesses in these sectors with a rateable value of under £15,000, they will receive a grant of £10,000. For businesses in...
CORONAVIRUS SUPPORT FOR BUSINESSES THAT PAY BUSINESS RATES
Updated Friday 27 March Business rates holiday for retail, hospitality and leisure businesses The Government is introducing a business rates holiday for retail, hospitality and leisure businesses in England for the 2020 to 2021 tax year. Businesses that received the retail discount in the 2019 to 2020 tax year will be rebilled...
CORONAVIRUS SUPPORT FOR BUSINESSES WHO ARE PAYING SICK PAY TO EMPLOYEES
Updated Friday 27 March The Government will make legislation to allow small and medium-sized businesses and employers to reclaim Statutory Sick Pay (SSP) paid for sickness absence due to COVID-19. Who is eligible? You are eligible for the scheme if your business is UK based and your business is a small or...
CORONAVIRUS VAT DEFERRAL AND INCOME TAX PAYMENTS
Updated Friday 27 March For VAT, the deferral will apply from 20 March 2020 until 30 June 2020. Who is eligible? All UK businesses are eligible. How do I access this? This is an automatic offer with no applications required. Businesses will not need to make a VAT payment during this period. Taxpayers will...
CORONAVIRUS JOB RETENTION SCHEME
Updated Friday 27 March Under the Coronavirus Job Retention Scheme, all UK employers will be able to access support to continue paying part of their employees’ salary for those employees that would otherwise have been laid off during this crisis. Who is eligible? All UK businesses are eligible. How do I access this? You...
