Coronavirus Job Retention Scheme - all UK employers will be able to access support to continue paying part of their employees's salary for those employees that would otherwise have been laid off during the crisis. HMRC will reimburse 80% up to a cap of £2500 per month.
Business Interruption Load Scheme will be interest free for 12 months and launches today to support small and medium-sized businesses to access bank ending and overdrafts. The Government will provide lenders with a guarantee of 80% on each loan (subject to a lender cap on claims). Click here for further information
Deferring VAT payments for 3 months - business will have until the end of the financial year to repay bills.
Business rates: 12 months holiday for all retail, hospitality and leisure 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 the rateable value between £15,000 and £51,000
HMRC Time to Pay - You can contact the HMRC's dedicated Covid-19 helpline to get practical help and advice for firms and individuals who are in temporary financial distress as a result of Covid-19 and have outstanding tax liabilities.
If you are concerned about being able to pay your tax due to COVID-19, call HMRC’s dedicated helpline on 0800 0159 559.