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.

https://www.gov.uk/guidance/claim-back-statutory-sick-pay-paid-to-employees-due-to-coronavirus-covid-19

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.

https://www.gov.scot/publications/coronavirus-covid-19-support-for-businesses/pages/business-support-fund/

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.

https://www.gov.uk/guidance/claim-a-grant-through-the-coronavirus-covid-19-self-employment-income-support-scheme