Coronavirus Financial Support

GRANTS:

LOANS:

BUSINESS SUPPORT HELPLINE:

  • The Business Support Helpline number in England has changed to FREEPHONE 0800 998 1098. The helpline provides free, impartial business support and signposting services to businesses in England – which currently includes business advice on Covid-19.  

OTHER FINANCIAL SUPPORT:

CORONAVIRUS JOB RETENTION SCHEME: As at 3rd March, JRS has been extended to 30th September 2021.  

Guidance on holiday pay has been updated with further clarity on when employees can be furloughed.

TIME TO PAY SERVICE:

  • VAT – for payments due between 20.3.20 and 30.6.20 – deferred to 31.3.21
  • self assessment payment on account due 7.20 deferred to 31.1.21
  • Contact HMRC helpline if unable to pay other tax bills

SSP REBATE FOR COVID RELATED SICKNESS ABSENCE:

This scheme is for employers. You can claim back up to 2 weeks of SSP if:

  • you have already paid your employee’s sick pay (use the SSP calculator to work out how much to pay)
  • you’re claiming for an employee who’s eligible for sick pay due to coronavirus
  • you have a PAYE payroll scheme that was created and started on or before 28 February 2020
  • you had fewer than 250 employees on 28 February 2020 across all your PAYE payroll schemes

 GOVERNMENT SUPPORT OF TRADE CREDIT INSURANCE GUARANTEE:

  • Businesses with supply chains which rely on Trade Credit Insurance and who are experiencing difficulties maintaining cover due to Coronavirus will get support from the government
  • The guarantee will be delivered through a temporary reinsurance agreement with insurers currently operating in the market.
  • The government will work with businesses and the industry on the full details of the scheme to ensure firms are supported and risk is appropriately shared between the government and insurers.
  • The guarantees will cover trading by domestic firms and exporting firms and the intent is for agreements to be in place with insurers by end of this month.
  • The guarantee will be temporary and targeted to cover CV-19 economic challenges, and will provisionally last until the end of the year. It will be followed by a review of the TCI market to ensure it can continue to support businesses in future. Further details will be announced in due course.

OTHER SUPPORT:

 

 

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