With the ongoing government announcements regarding support measures for businesses during the COVID-19 pandemic, we are able to provide help and assistance to those wondering what may be available to them. 

 

GOVERNMENT SUPPORT FOR BUSINESSES updates

FAQS

This includes a package of measures to support businesses including:

  • a Coronavirus Job Retention Scheme

  • deferring VAT and Self-Assessment payments

  • a Self-employment Income Support Scheme

  • a Statutory Sick Pay relief package for small and medium sized businesses (SMEs)

  • a 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

  • the Coronavirus Business Interruption Loan Scheme offering loans of up to £5 million for SMEs through the British Business Bank

  • a new 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

  • the HMRC Time To Pay Scheme

Accountant | Peter Brealey Chartered Accountants | Leicestershire T: 01455 612000

Brealey Foster & Co

2-4 The Horsefair, Hinckley LE10 0AN

brealeyfoster@gmail

brealeyfoster.co.uk

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ICAEW training employer number L006552298

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