The UK and Scottish Governments have put in place a series of schemes which aim to support businesses during the pandemic.
Your local Goldwells business advisor will be able to help you navigate the different options available to help you keep your business healthy.
Paying employees
Furlough has been extended until October.
- 10 June: last date for employees to be added.
- August: employers to pay NI and pension contribution
- Sept: employers to pay 10% of salary
- Oct: employers to pay 20% of salary
https://www.gov.uk/guidance/claim-for-wages-through-the-coronavirus-job-retention-scheme
Paying sick pay
Employers can claim back sick pay for employees self isolating due to coronavirus.
Paying tax
There are a number of schemes available to help businesses defer tax payments during the pandemic.
https://www.gov.uk/guidance/deferral-of-vat-payments-due-to-coronavirus-covid-19
https://www.gov.uk/pay-self-assessment-tax-bill
https://www.gov.uk/difficulties-paying-hmrc
Business Rates Relief
Both the UK and Scottish Governments are offering assistance when it comes to business rates relief.
https://www.gov.uk/guidance/check-if-your-retail-hospitality-or-leisure-business-is-eligible-for-business-rates-relief-due-to-coronavirus-covid-19
https://www.gov.uk/guidance/check-if-your-nursery-is-eligible-for-business-rates-relief-due-to-coronavirus-covid-19
https://www.mygov.scot/non-domestic-rates-coronavirus/non-domestic-rates-relief-to-help-during-coronavirus/
https://www.mygov.scot/non-domestic-rates-relief/small-business-bonus-scheme/
Business Support Fund (Scotland)
One-off grants to help protect jobs, prevent business closure and promote economic recovery.
SMEs
- Business Interruption Loan
- Future Fund
- Bounce Back Loan
Large businesses
Business Interruption Loan
COVID-19 Corporate Financing Facility
https://www.gov.uk/coronavirus/business-support
Self Employed Income Support Scheme
First grants payable in July, with additional grant available in August.