Blog archive

COVID-19 Government Support for Businesses

The Government will pass legislation shortly to allow small and medium-sized businesses and employers to reclaim Statutory Sick Pay (SSP) paid for sickness absence due to COVID-19. The eligibility criteria for the scheme will be as follows:

GUIDANCE FOR OUR CLIENTS – CORONAVIRUS (COVID-19)

Below are some key Government websites where you can access the latest information:

GOVERNMENT SUPPORT FOR BUSINESSES

On Friday 20th the Chancellor set out a package of measures to support public services, people and businesses through the period of disruption caused by COVID-19.

Furlough Letters Guidance

An employee furlough refers to a temporary leave or modification of normal working hours for a specific amount of time. It’s a leave of absence given to an employee with the promise that they will still have their job once the leave is over.

THE CORONAVIRUS BUSINESS INTERRUPTION LOAN SCHEME (CBILS) IS NOW AVAILABLE THROUGH PARTICIPATING LENDERS

CBILS is a new scheme, announced by The Chancellor at Budget 2020, that can provide facilities of up to £5m for smaller businesses across the UK who are experiencing lost or deferred revenues, leading to disruptions to their cashflow.

Coronavirus Job Retention Scheme - Update

HMRC will reimburse 80% of their wages, up to £2,500 per month. This is to safeguard workers from being made redundant. The Coronavirus Job Retention Scheme will cover the cost of wages backdated to 1ST March and is initially open for 3 months but will be extended if necessary.

VAT DEFERRAL

All UK businesses are eligible. How to access the scheme

CORONAVIRUS SELF-EMPLOYMENT INCOME SUPPORT SCHEME (CSEISS)

HELP FOR THE SELF EMPLOYED
Chancellor Rishi Sunak has announced measures to support the self-employed and partnerships.

Coronavirus Business Update

Government updates and further guidance on the main Government supports.

JOB RETENTION SCHEME - Frequently Asked Questions

Under the Coronavirus Job Retention Scheme, all UK employers with a PAYE scheme will be able to access support to continue paying part of their employees’ salary for those that would otherwise have been laid off during this crisis.

GRANTS UNDER THE SELF-EMPLOYMENT INCOME SUPPORT SCHEME (CSEISS)

GRANT SUPPORT FACTSHEET Note: Please see the ‘Self-Employment Income Support Calculator’ to check eligibility and calculate the amount of grant available.