The government has reorganised its advice pages. Earlier advice is below but please follow the following new links here for current advice. There is now one section on “Business support”:
Funding and support
- Find financial support for your business
- Find out what support your business representative organisation (BRO) offers
- Coronavirus support for business from outside government
- Additional government resources to support your business during coronavirus disruptions
- Find out how other businesses have used government support and are reopening safely
- Support for UK businesses trading internationally
- Rules that have been relaxed to help businesses during the coronavirus pandemic
- Register your business for the Eat Out to Help Out scheme
Self-employed people and sole traders
- Claim a grant through the Self-employment Income Support Scheme
- Self-employment and Universal Credit
- If you cannot pay your tax bill on time
- Negotiate a mortgage payment holiday
Your responsibilities as an employer
- Claim back Statutory Sick Pay (SSP)
- Find out what to do if your employee needs time off to look after dependants
- Which expenses are taxable if your employees work from home
- Apprenticeships: how they can continue
- Guidance for Tier 2, 4 and 5 visa sponsors of people affected by coronavirus
How to run your business safely
- Reopen your business safely during coronavirus (COVID-19)
- Find out how to make your workplace COVID-secure
- How to carry out a COVID-19 risk assessment
- Cleaning your workplace safely
- Keep records of staff, customers and visitors to support NHS Test and Trace
- NHS Test and Trace service for employers, businesses and workers
What businesses should be closed
The government has finally announced support for self employed people. Information is provided below as a news report from the government.
- direct cash grant of 80% of their profits, up to £2,500 per month
- latest announcement in an unprecedented package of government support to protect businesses and individuals
Millions of self-employed individuals will receive direct cash grants though a ground-breaking UK-wide scheme to help them during the coronavirus outbreak, the Chancellor announced today.
In the latest step to protect individuals and businesses, Rishi Sunak has set out plans that will see the self-employed receive up to £2,500 per month in grants for at least 3 months.
Millions of people across the UK could benefit from the new Self-Employed Income Support Scheme, with those eligible receiving a cash grant worth 80% of their average monthly trading profit over the last three years. This covers 95% of people who receive the majority of their income from self-employment.
This brings parity with the Coronavirus Job Retention Scheme, announced by the Chancellor last week, where the Government committed to pay up to £2,500 each month in wages of employed workers who are furloughed during the outbreak.
Cleaners, plumbers, electricians, musicians, hairdressers and many other self-employed people who are eligible for the new scheme will be able to apply directly to HMRC for the taxable grant, using a simple online form, with the cash being paid directly into people’s bank account.
Chancellor Rishi Sunak said:
Self-employed people are a crucial part of the UK’s workforce who’ve understandably been looking for reassurance and support during this national emergency.
The package for the self-employed I’ve outlined today is one of the most generous in the world that has been announced so far. It targets support to those who need help most, offering the self-employed the same level of support as those in work.
Together with support packages for businesses and for workers, I am confident we now have the measures in place to ensure we can get through this emergency together.
The scheme will be open to those with a trading profit of less than £50,000 in 2018-19 or an average trading profit of less than £50,000 from 2016-17, 2017-18 and 2018-19.
To qualify, more than half of their income in these periods must come from self-employment.
To minimise fraud, only those who are already in self-employment and meet the above conditions will be eligible to apply. HMRC will identify eligible taxpayers and contact them directly with guidance on how to apply.
The income support scheme, which is being designed by HMRC from scratch, will cover the three months to May. Grants will be paid in a single lump sum instalment covering all 3 months, and will start to be paid at the beginning of June.
Individuals should not contact HMRC now. HMRC will use existing information to check potential eligibility and invite applications once the scheme is operational.
Those who pay themselves a salary and dividends through their own company are not covered by the scheme but will be covered for their salary by the Coronavirus Job Retention Scheme if they are operating PAYE schemes.
The scheme has been designed after extensive engagement with stakeholders including the TUC, the Federation of Small Businesses and IPSE – The Association of Independent Professionals and the Self-Employed.
Self-employed individuals are already benefitting from a series of measures announced by the Chancellor to boost household incomes and will be able to access these while the new scheme is being rolled out.
These include a strengthening of the welfare safety-net with a £7 billion boost to Universal Credit, income tax and VAT deferrals, £1 billion more support for renters and access to three-month mortgage holidays.
- further information and details of the scheme will be shared shortly by HMRC
- HMRC will use the average trading profits from tax returns in 2016-17, 2017-18 and 2018-19 to determine the size of the grant
- this scheme also applies to members of partnerships
- before grant payments are made, the self-employed will still be able to access other available government support for those affected by coronavirus including more generous universal credit and business continuity loans where they have a business bank account