Support for the self-employed
Prime Minister Boris Johnson said at yesterday's daily press conference that measures for the self-employed will be unveiled by Chancellor of the Exchequer Rishi Sunak later today.
After giving thanks to the 405,000 people who have signed up to the NHS Volunteers scheme, Mr Johnson said the Government had given “unprecedented support” to businesses and employees of all kinds.
Discussing the announcement coming later today, Mr Johnson explained that it had taken longer to come up with further support for the self-employed because of the complexity of their working arrangements.
Business Premises closures:
Guidance on the closure of all retailers that sell non-essential goods and other non-essential premises, as part of further social distancing measures has been updated to include additional details to the list of businesses and premises that must remain closed. Guidance has also been added on work carried out in people’s homes. The guidance is available here.
Companies House accounts filing extension
Companies House have announced that businesses will be given an additional three months to file accounts to help companies avoid penalties as they deal with the impacts of COVID-19.
Full guidance on applying for an extension can be found here.
COVID-19 advice for accommodation providers
Guidance and advice for those providing hotel and other accommodation in the UK has been published for the first time here.
DIT support for UK businesses trading internationally
The advice for UK businesses that export or deliver goods and services abroad and have been impacted by the spread of COVID-19 has been updated. You can find it here
Employers do not have to report gender pay gaps
Enforcement of the gender pay gap reporting deadlines are suspended for this reporting year (2019/20) due to the Coronavirus outbreak. The decision means there will be no expectation on employers to report their data.
Latest Business Support Packages
- Extra protection for businesses with ban on evictions for commercial tenants who miss rent payments. UPDATED
- Financial assistance for employers unable to pay statutory redundancy payments.
- The Coronavirus Job Retention Scheme
- Deferring VAT and Income Tax payments
- Statutory Sick Pay relief package for SMEs
- 12-month business rates holiday for all retail, hospitality, leisure and nursery businesses in England
- Small business grant funding of £10,000 for all business in receipt of small business rate relief or rural rate relief
- Grant funding of £25,000 for retail, hospitality and leisure businesses with property with a rateable value between £15,000 and £51,000
- The Coronavirus Business Interruption Loan Scheme offering loans of up to £5million for SMEs through the British Business Bank: OPEN FOR APPLICATIONS
- A new lending facility from the Bank of England to help support liquidity among larger firms, helping them bridge coronavirus disruption to their cash flows through loans: OPEN FOR APPLICATIONS
- The HMRC Time To Pay Scheme
Click here for the latest details.