A guide for businesses impacted by Covid-19

Let DJH help guide your business through these uncertain times.

Call us 01782 710101 to discuss the latest government measures introduced to assist your business. For more information on the below please click the button below to open our helpful guide or the titles to go to the relevant web page.

1. Job Retention Scheme

On 20 March 2020, the Government announced that it will step in and help pay people’s wages with the introduction of a ‘coronavirus job retention scheme’. In a bid to encourage employees to ‘furlough’ staff rather than lay them off, HMRC will provide grants which will cover 80% of the salary of retained furloughed workers, up to a cap of £2,500 per employee per month.

2. Self Employed income support scheme

Self-employed individuals and members of partnerships can claim a taxable grant worth 80% of the average trading profits from the last three tax years ie 2016/17, 2017/18 and 2018/19. This is subject to a maximum of £2,500 per month for an initial three months. The Government guidance notes that this is only where income has been lost due to COVID-19 but gives no further details of how this will be established.

3. Tax payments
  • VAT
  • Income Tax
  • Stamp Duty
  • Time to Pay
  • Child Benefit
  • Reclaim statutory sick pay
4. Grant & Loans

A number of measures have been brought in to support businesses, these include:

  • Rates Holiday
  • Small business grant
  • Cash grants for retail, hospitality and leisure businesses
  • Business interruption loan