Services

Claim for wages through the Coronavirus Job Retention Scheme

Claim back Statutory Sick Pay paid to employees due to coronavirus (COVID-19)

If you cannot pay your tax bill on time

Because of coronavirus you may be able to delay (defer) some tax payments without paying a penalty. You can:

• delay VAT payments due before 30 June 2020 until 31 March 2021
• delay your Self Assessment payment on account due in July 2020 until 31 January 2021

Check if your retail, hospitality or leisure business is eligible for business rates relief due to coronavirus (COVID-19)

Businesses in the retail, hospitality and leisure sectors in England will not have to pay business rates for the 2020 to 2021 tax year.

Check if your nursery is eligible for business rates relief due to coronavirus (COVID-19)

Nurseries in England do not have to pay business rates for the 2020 to 2021 tax year.

Coronavirus (COVID-19): business support grant funding – guidance for businesses

Guidance for businesses setting out details of the Small Business Grants Fund (SBGF) and Retail, Hospitality and Leisure Grant Fund (RHLGF).

Claim a grant through the coronavirus (COVID-19) Self-employment Income Support Scheme

Use this scheme if you’re self-employed or a member of a partnership in the UK and have lost income due to coronavirus (COVID-19).

This scheme will allow you to claim a taxable grant worth 80% of your trading profits up to a maximum of £2,500 a month. It will be available for 3 months, but may be extended.

The grant will be subject to Income Tax and National Insurance contributions but does not need to be repaid.

The online service you’ll use to claim is not available yet. HMRC will aim to contact you by mid May 2020, and will make payments by early June 2020.

Universal Credit

You can make a claim for Universal Credit while you wait for the grant. You should record the grant as part of your self-employment income, and it may affect the amount of Universal Credit you get. This will not affect Universal Credit claims for earlier periods.

Apply for the Coronavirus Business Interruption Loan Scheme

The Coronavirus Business Interruption Loan Scheme (CBILS) supports small and medium-sized businesses, with an annual turnover of up to £45 million, to access loans, overdrafts, invoice finance and asset finance of up to £5 million for up to 6 years.

The government will also make a Business Interruption Payment to cover the first 12 months of interest payments and any lender-levied fees. This means smaller businesses will benefit from no upfront costs and lower initial repayments.

Apply for the coronavirus Future Fund

The Future Fund will provide government loans to UK-based companies ranging from £125,000 to £5 million, subject to at least equal match funding from private investors.

This scheme is not available yet. It will launch in May 2020.

Apply for a coronavirus Bounce Back Loan

The Bounce Back Loan scheme will help small and medium-sized businesses to borrow between £2,000 and £50,000.

The government will guarantee 100% of the loan and there won’t be any fees or interest to pay for the first 12 months.

Loan terms will be up to 6 years. No repayments will be due during the first 12 months. The government will work with lenders to agree a low rate of interest for the remaining period of the loan.

This scheme is not available yet. It will launch on 4 May 2020.