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Coronavirus (COVID-19) information

Sophie Warner - July 1st, 2020

The budget on 11 March 2020 was the start of several announcement to help businesses and individuals through these unprecedented times.

Further measures and details of the support already announced are being updated regularly by the Government.

The link to HMRC information for employees, employers and businesses in regard to finance assistance available is here (including the latest “Bounce Back loans” aimed at small and medium businesses): –

https://www.gov.uk/government/publications/guidance-to-employers-and-businesses-about-covid-19/covid-19-support-for-businesses

You’ll never get an email, text message or phone call from HM Revenue and Customs (HMRC) which:

  • tells you about a tax rebate or penalty
  • asks for your personal or payment information

Check HMRC’s guidance on recognising scams if you’re not sure or forward to us.

BUSINESSES AND EMPLOYERS

ACAS has information relevant to employers and employees here (this includes the procedure needed to furlough employees and a template letter): –

https://www.acas.org.uk/coronavirus

More detail about furloughed workers can be found through this link: –

https://www.gov.uk/guidance/claim-for-wage-costs-through-the-coronavirus-job-retention-scheme

Holiday entitlements can be carried over for 2 years: –

https://www.gov.uk/government/news/rules-on-carrying-over-annual-leave-to-be-relaxed-to-support-key-industries-during-covid-19

Companies House have announced that Companies can apply for a 3 month extension for filing Company accounts (usually due 9  months after the year end).

https://www.gov.uk/government/news/companies-to-receive-3-month-extension-period-to-file-accounts-during-covid-19

 

SELF EMPLOYED INDIVIDUALS AND PARTNERS

The Self-Employment Income Support Scheme is due to be rolled out mid May with funds due to to be paid directly to self employed people in early June. You must have your own government gateway account in order to make a claim. You can find information in regard to support here or please do contact us:-

https://www.gov.uk/guidance/claim-a-grant-through-the-coronavirus-covid-19-self-employment-income-support-scheme

 

LINKS TO TRADE BODY GUIDANCE

Below is a link to many different trade bodies who are providing information to members and non members.

https://www.gov.uk/guidance/coronavirus-support-from-business-representative-organisations-and-trade-associations

 

GUIDANCE FOR LANDLORDS AND TENANTS

https://www.gov.uk/guidance/government-support-available-for-landlords-and-renters-reflecting-the-current-coronavirus-covid-19-outbreak

 

CHILD BENEFIT

If you have suffered a drop in income which may result in both you and your partner having taxable income below £60,000, you may want to consider claiming Child Benefit if you are not currently claiming it, as it may be that the High Income Child Benefit Charge will be reduced or not apply in 2020/21 tax year.

https://www.litrg.org.uk/tax-guides/coronavirus-guidance/coronavirus-high-income-child-benefit-charge-hicbc-what-do-if-your

 

We are here to support you and your business  – do contact us in order that we can help you to ensure you have access to any assistance you may be entitled to. 

 

 

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