Coronavirus support for businesses: Full roundup PINNED POST

You are here: Home » News & Views » Coronavirus support for businesses: full roundup

  • For your business
Image for Coronavirus support for businesses: Full roundup PINNED POST

We are working hard here at Ellis & Co to bring you the latest support available for businesses affected by the Coronavirus. 

Our Coronavirus news pages are updated daily, but to make it easier we have split our news articles into categories for you.

Funding and Grants

The Chancellor of The Exchequer unveiled financial measures to help businesses affected by the Coronavirus.

Chancellor Rishi Sunak promised ‘£330bn in loans, £20bn in other aid, a business rates holiday and grants for retailers and pubs’.

As well as funding grants of between £10,000 and £25,000 for small businesses, and a three-month mortgage holiday by mortgage lenders.

Click on the links below for further information. 

Voluntary Services Recovery Fund

The KickStart Scheme launched 

Extension granted to banks to grant loans

How to claim money back through the Eat Out to Help Out Scheme

New grants to boost recovery of small businesses in England

New grant for small businesses across Cheshire and Warrington

Eat Out to Help Out online finder

Eat out to help out

The Kickstart Scheme

Start Up Grant for businesses in Wales now open

More firms set to benefit from the Future Fund

Fund to support dairy farmers opens for applications

Non-Domestic Rates Grant Scheme (Wales) deadline looming

Is your business eligible for the Economic Resilience Fund - Wales

The Coronavirus Local Authority Discretionary Grants Fund – England

Wales to receive an additional £64.5 million in funding

Circular Economy Fund – businesses in Wales

SME Economic Resilience Fund update 

New funding to support dairy farmers in England

£26 Million to help small charities in Wales

Wales’ Economic Resilience Fund has been paused

UK government provides extra £95m to tackle Coronavirus in Wales

Eligibility support checker for businesses in Wales

Government launches new Coronavirus business support finder tool

Future Fund

Is your business eligible for support from the new Economic Resilience Fund?

Support to exporters and inventors

Development Bank of Wales Loan Scheme fully subscribed in first week

Cash grants for frontline charities

£150 million grant support reaching businesses in Wales  

HM Treasury announces further action to support businesses

Local authorities in England receive more than £12 billion

New £500 million economic resilience fund launched in Wales

Small Business Grant Fund

Cash grant for retail, hospitality and leisure  

The Coronavirus Bounce Back Loan 

Applications for the Coronavirus Bounce Back Loan Scheme open

New 100% government backed loan scheme for small business

The Coronavirus Business Interruption Loan Scheme

The Coronavirus Business Interruption Loan Scheme is a scheme 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.

CBILS supports a wide range of business finance products, including term loans, overdrafts, invoice finance and asset finance.

The borrower always remains 100% liable for the debt.

You may need profit / cashflow forecasts etc to get these loans, this is something our team can help you with. 

Click on the links below for further information. 

The Coronavirus Large Business Interruption Loan Scheme (CLBILS) update

Loan scheme expanded to cover large businesses

How to apply for the Coronavirus Job Retention Scheme. A step by step guide for employers. 

The Coronavirus Business Interruption Loan Scheme (CBILS) update

Coronavirus Business Interruption Loan Scheme (CBILS) – help to access funding

The Coronavirus Business Interruption Loan Scheme (CBILS)

The Job Retention Scheme - Furloughing employees

The Job Retention Scheme has been put in place for all UK employers, with a PAYE scheme in place, to access support to pay part of their employees’ salary, this is to safeguard workers from being made redundant.

This applies to employees who have been asked to stop working, but who are being kept on the payroll, otherwise described as “furloughed workers”.

HMRC will reimburse 80% of their wages, up to £2,500 per month.

Click on the links below for further information. 

Changes to the Job Retention Scheme from September

The Job Retention Bonus

Employees on furlough entitled to full redudancy

Coronavirus Job Retention Scheme (CJRS) latest

Changes to the Coronavirus Job Retention Scheme (CJRS)

The Job Retention Bonus (JRB)

Flexible furlough claims now open

How the Job Retention Scheme will change from July 1

Parents returning to work after extended leave eligible for Furlough

Changes to the Coronavirus Job Retention Scheme (CIRS)

Holiday entitlement and pay for furloughed workers

New Furlough system up and running

Job Retention Scheme extended to the end of June

How to claim your employee’s wages through the Coronavirus Job Retention Scheme

See if you are covered by the Coronavirus Job Retention Scheme

UPDATED: Coronavirus Job Retention Scheme

Sick pay

Normally Statutory Sick Pay (SSP) is paid on the fourth day of absence, however for those self-isolating due to the Coronavirus, you can now claim SSP from day one.

This includes individuals who are caring for people in the same household and are in quarantine.

Click on the links below for further information. 

Statutory Sick Pay (SSP) paid to employees due to Coronavirus

SSP government calculator open

Coronavirus Statutory Sick Pay rebate scheme set to launch

Statutory Sick Pay

Support for businesses who are paying ick pay (SSP) to employees

SSP reclaims for small businesses

Coronavirus: Isolation note

Carrying over Annual Leave

Self-employed

If you are self-employed (a sole trader or partner in a partnership) and will lose profit due to the coronavirus crisis over the next few months, you may be eligible for the Self-employment Income Support Scheme, which is a taxable grant of up to 80% of your average earnings, up to a maximum of £2,500 per month. 

For further information click on the links below. 

Self-Employment Income Support Scheme (SEISS) have you had your date to claim?

Did having a child affect your eligibility for the Self-Employment Income Support Scheme?

Self-Employment Income Support Scheme (SEISS) update

The Self-Employment Income Support Scheme – don’t miss the deadline

Self-employed get second grant from government

Self-employed deferment of second payment on account

How to claim through the Self-Employment Income Support Scheme

Self-Employment Income Support Scheme (SEISS) open

Further details on the Self-Employed Income Support Scheme (SEISS)

Self-Employed Grant Scheme

Coronavirus Self-Employment Income Support Scheme (CSEISS)

Deferral of Self-Assessment payment

Business Rates Relief

In England, the government has introduced a business rates holiday for retail, hospitality, leisure and nursery businesses for the 2020-21 tax year. Different rules apply to Welsh and Scottish businesses.

For further information click on the links below. 

New measures to protect UK high street

Support for nursery businesses that pay business rates (England)

Business Rates Relief

Extentions, deferrals, delays and guidance

Contract cancellations and refunds due to Coronavirus

Pensions contributions guidance for employers

Reduced rate for VAT for hospitality

VAT reduced rate of 5% - further information

Defer your self-assessment payment on account

Stamp Duty Land Tax holiday

Mandatory MOT testing to be reintroduced

Relaxation of business rules announced

Planning permission deadlines extended

Changes to notifying an option to tax land and buildings

Second delay to Reverse Charge for construction services

Ban on evictions extended by two months

Delaying import duty/ VAT payments

Deferring VAT and Income Tax payments

Companies to receive 3-month extension period to file accounts during Covid-19

Relaxation of financial solvency rules

Increase in Working Tax Credits and Child Benefit

Debt management collection suspended

Changes to IR35 delayed

Childcare

Tax-free childcare and 30 hours free childcare during the Pandemic

Videos

VIDEO: Coronavirus: A look at support available to businesses by James Ellis

A roundup of support available to businesses by Robert Ellis

Coronavirus: A look at tax with Nick Charnley 

Coronavirus: A look at payroll with Lisa McLeod

Guidance and Support

Dairy Response Fund extended

Wales’ hospitality sector preparing to re-open outdoors

Warning over pension scams

Guidance on the reopening of tourism and visitor attractions

Food Charities Grant Fund

Open call for research and innovation ideas

What expenses are taxable if your employee works from home due to Coronavirus?

Temporary online service launched by Companies House

Businesses and venues in England – who can open and who must stay closed

Taxable expenses and benefits provided to employees during Coronavirus

Information for farmers, landowners and rural businesses

Businesses to get support through trade credit insurance guarantee

Timeline set for retail to reopen

Preparing your business for life after lockdown

Advice for the apprenticeship programe

New guidance launched to help get us safely back to work

Tax credits customers will continue to receive payments even if working fewer hours

Furloughed Workers to receive full Parental Leave Entitlement

Financial Support for Education, Early Years and Children’s Social Care in England

Online support for Welsh businesses

Fraud and cyber crime

Updated guidance for UK businesses trading internationally

Latest guidance for landlords and tenants

Businesses trading internationally