Government Help
Coronavirus Job Retention Scheme |
Designate affected employees as ‘furloughed workers,’
Submit information to HMRC about the employees that have been furloughed and their earnings through a new online portal (HMRC will set out further details on the information required) HMRC will reimburse 80% of furloughed workers wage costs, up to a cap of £2,500 per month. HMRC are working urgently to set up a system for reimbursement. Existing systems are not set up to facilitate payments to employers |
Deferring VAT due until 30 June 2020 and Income Tax payments from 31 July 20 to 31 January 21
Statutory Sick Pay relief package for SMEs for 2 weeks pay due to Coronavirus
12-month business rates holiday for all retail, hospitality and leisure businesses in England
HMRC have also scaled up their Time to Pay offer to all firms and individuals who are in temporary financial distress as a result of Covid-19 and have outstanding tax liabilities
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