Within this daily blog we aim to give you top-line, up-to-date information at a glance with links to relevant sites that explain in more detail relevant news, support, and financial help that we hope will make a difference to your business during the Covid19 Crisis and beyond:
- The basic element of Working Tax Credit has been increased by £1,045 to £3,040 until 5 April 2021. The amount a claimant or household will benefit from will depend on their circumstances, including their level of household income, but it could mean up to an extra £20 each week. LINK
- Child Benefit, other tax credit rates and thresholds and Guardian’s Allowance by 1.7%, with effect from 6 April 2020. LINK
- Government Dismissal Guidelines – if you have been dismissed, this is a guide to employee rights LINK,
- CoronaVirus Job Retention Scheme LINK. To enable employers to re-employ staff at 80% of their wages.
- Delayed off-payroll working rules LINK have been delayed by 12 months and will come into effect on 6th April 2021 as part of the Government’s Covid-19 economic response package. The rules ensure that two people sitting side by side doing the same work for the same employer are taxed in the same way.
- Help others by sharing your CoronaVirus symptoms LINK. Call from the NHS to complete this survey if you think you may be displaying signs on Covid19, however mild they may be.
- Can your business offer support. The UK is in desperate need of supplies and services, please click on the LINK to find out if you can help.
HMRC webinar advice YouTube LINK – helping employers to support employees.
BUSINESS SUPPORT PACKAGES: LATEST INFORMATION & UPDATES
- Extra protection for businesses with ban on evictions for commercial tenants who miss rent payments.
- 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
- Coronavirus Business Interruption Loan Scheme. Additional guidance from the British Business Bank here
- A 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:
FREQUENTLY ASKED QUESTIONS: LINK
Thank you to White Label Creative who have been invaluable in passing on relevant information to us on a daily basis and also more focused guidance from the FSB and LCCC, together with Social Enterprise UK, National Caterers Association and Sustain UK – we hope that in re-circulating the salient points, we can all work together to help as many businesses as possible.Share this post: