Revised SEISS Scheme Nov 2020 – April 2021

The government have released revised plans for the Self Employed SEISS payment extension that is to be made from November 2020. There will be two grants, for the 3 month periods covering Nov 2020 to Jan 2021 and then Feb 2021 to April 2021.

The Government are providing broadly the same level of support for the self-employed as is being provided for employees through the Job Support scheme.

To be eligible for the Grant Extension self-employed individuals, including members of partnerships, must:

  • have been previously eligible for the Self-Employment Income Support Scheme first and second grant (although they do not have to have claimed the previous grants)
  • declare that they intend to continue to trade and either:
    • are currently actively trading but are impacted by reduced demand due to coronavirus
    • were previously trading but are temporarily unable to do so due to coronavirus

The first grant will cover a three-month period from 1 November 2020 until 31 January 2021. The Government will provide a taxable grant covering 40% of average monthly trading profits, paid out in a single instalment covering 3 months’ worth of profits, and capped at £3,750 in total.

The second grant will cover a three-month period from 1 February 2021 until 30 April 2021. The Government will review the level of the second grant and set this in due course.

The grants are taxable income and also subject to National Insurance contributions. When you will be able to claim the money has yet to be finalised.

HMRC will provide full details about claiming and applications in guidance on GOV.UK in due course.

If anyone needs any advice on the SEISS grant, please contact us


Revised JSS Help for Employers – Are you JSS Open or JSS Closed?

The government have released revised plans for the new Job Support scheme that starts from 1st November 2020. This is the scheme that will replace the furlough scheme that ends at the end of the month. The new rules have changed as of yesterday, to increase help to employers.

Revised Job Support Scheme – as of 22nd Oct 2020 Announcement

The Job Support Scheme (JSS) will open on 1‌‌‌ ‌November and run for six months, until 30‌‌‌ ‌April 2021. The government has said it will review the terms of the scheme in January 2021. There are two variations to JSS – JSS Open and JSS Closed.

The UK government announced yesterday it will significantly increase the generosity and reach of its winter support schemes to ensure livelihoods and jobs across the UK continue to be protected.

JSS Open

  • Will provide support to businesses that are open where employees are working shorter hours due to reduced demand
  • Employees will need to work at least 20% of their usual hours. Employers will continue to pay employees for the hours they work.
  • The UK government will pay a contribution of 61.67% of the usual pay for hours not worked, up to a maximum of £1,541.75 per month.
  • Employers will pay 5% of the usual pay for hours not worked, up to a maximum of £125 per month, and can top this up further if they choose.
  • Employers will also cover all employer National Insurance and pension contributions.
  • This means employees should receive at least two thirds of their usual pay for hours not worked.

The caps reduce according to the proportion of hours not worked. Further guidance on this will be available on GOV‌‌‌‌.UK shortly.

JSS Closed

  • Will provide support to businesses whose premises are legally required to close as a direct result of coronavirus restrictions set by one of the four governments of the UK. This includes premises restricted to delivery or collection-only services from their premises, and those restricted to providing food and/or drinks outdoors.
  • UK government will fund two thirds of employees’ usual wages for time not worked, up to a maximum of £2,083.33 per month.
  • Employers will not be required to contribute, but you can top up the government’s contribution if you choose to. You will still need to cover all employer National Insurance and pension contributions.
  • This means employees should receive at least two thirds of their usual pay for hours not worked.

What Other Differences are there from Furlough?

  • If you fall under JSS Open and your workers do not work any hours, you cannot make a claim.
  • Employers will only be able to claim in arrears from 8th December – they will need to pay their workers before they receive any money.
  • For the first time, employees will be able to check if their employer has made a Job Support Scheme claim on their behalf through their online Personal Tax Account. Employees can set up a Personal Tax Account on GOV‌‌‌‌.UK, by searching ‘Personal Tax Account: sign in or set up’.

If anyone needs any advice on the new measures, please contact us


New Coronavirus Business Support Sept 2020 – Help for Employers and Self Employed

The government have today delivered a statement setting out plans to help workers and businesses hit by new coronavirus restrictions.

It includes plans for a jobs support scheme to replace furlough, help for the self-employed, business loans and VAT cuts.

Here is a summary of the main points. Many details have not yet been released – we will update our website as soon as more information is known.

Jobs Support Scheme

  • Under the scheme, the government will subsidise the pay of employees who are working fewer than normal hours due to lower demand
  • It will apply to staff who can work at least a third of their usual hours
  • Employers will pay staff for the hours they do work
  • For the hours employees can’t work, the government and the employer will each cover one third of the lost pay
  • The grant will be capped at £697.92 per month
  • All small and medium sized businesses will be eligible for the scheme
  • Larger business will be eligible if their turnover has fallen during the crisis
  • It will be open to employers across the UK even if they have not previously used the furlough scheme
  • The scheme will run for six months starting in November

How could the new Jobs Support Scheme work?

If an employee works reduced hours the employer pays for that. And in addition, the employer and government pay one third of the lost pay each (up to the cap).

So, for someone on £2,000 a month working 50% hours, they would get £1,000 normal pay plus £333 extra from their employer and £333 from the government.

We believe the cap relates to the proportion of pay from the government, and does not include the payment by then employer.

Support for the self-employed

  • The chancellor is extending the self-employed grant on similar terms to the jobs support scheme
  • A grant will be available to those eligible for the Self-Employment Income Support Scheme Grant
  • The grant will cover three months’ worth of profits for the period from November to the end of January
  • It will cover 20% of average monthly profits up to a total of £1,875
  • A further grant will be available to the self-employed to cover February 2021 to the end of April

Business loans

  • Bounce Back Loans will be extended from six years to 10, cutting monthly repayments by nearly half
  • Coronavirus Business Interruption Loan Scheme lenders will also be able to extend the length of loans from the current maximum of six years to 10 years
  • The chancellor is also extending the deadline for the government’s coronavirus loan schemes to the end of November
  • Businesses struggling can choose to make interest only payments for six months and those “in real trouble” can apply to suspend repayments altogether for six months
  • Businesses will not see their credit rating fall as a result, the chancellor says

Taxes

The 15% emergency VAT cut for the tourism and hospitality industries will be extended from January 2021 to 31 March

  • Business who deferred their VAT bills will be able to pay back their taxes in 11 smaller interest-free instalments
  • Self-assessment tax payers will be able to defer tax payments to January 2022. More details are not available at this time.

If anyone needs any advice on the new measures, please contact us


FreeAgent Mobile App – Run Your Business from your Phone!

The FreeAgent mobile app has regular improvements, and now has the functionality to do most of your daily business admin. Creating and sending invoices, checking that you customers have paid you, and adding receipts and expenses can all now be completed during your afternoon coffee break on site!

Features of the app include:

  • Keep your accounts up to date when you’re on the go
  • Get a clear overview of your bank balances, profit and loss and future tax deadlines
  • Snap expense receipts on the go and upload them to your FreeAgent account
  • Create, send and track invoices and see who owes you what at a glance
  • Track billable and unbillable time when you’re away from your desk
  • Reconcile unexplained bank transactions while you’re on the move

If you have FreeAgent but have never used the app, download it now and use your normal login to access it. Please see the link below – it is available on Apple or Android.

https://www.freeagent.com/features/mobile/

If you are a client and would like some help with using the app, just let us know.

If any one has any questions please contact us and we will be happy to help.


Self Employed Scheme Phase 2 Claims Open from Today.

The SEISS Phase 2 Claim window opens today. Please find below a link to the government website where you can check eligibility, and claim for, the second SEISS payment. You should be able to check eligibility even if you have not been contacted by the HMRC since you received the first claim. If you were not eligible for the first claim, you will not be eligible for this one.

SEISS Website

This second claim will be for 70% of 3 months of their average income from 2016-19, capped at £6,570. This is expected to be the final payment under the scheme.

To be eligible you would need to:

  • Have traded in the tax year 2018 to 2019 and submitted your Self Assessment tax return on or before 23 April 2020 for that year
  • Have traded in the tax year 2019 to 2020
  • Intend to continue to trade in the tax year 2020 to 2021
  • Were eligible for the first SEISS grant (even if you did not claim it)
  • Have had a trade which was still adversely affected by Coronavirus on or after 14th July 2020

Only people who’s self employed income is more than 50% of their total taxable income for the year are eligible.

Your business could be adversely affected by coronavirus if, for example:

  • You’re unable to work because you:
    • are shielding
    • are self-isolating
    • are on sick leave because of coronavirus
    • have caring responsibilities because of coronavirus
  • You’ve had to scale down or temporarily stop trading because:
    • your supply chain has been interrupted
    • you have fewer or no customers or clients
    • your staff are unable to come in to work

You should keep any evidence that your business has been adversely affected by coronavirus at the time you made your claim, such as:

  • business accounts showing a reduction in turnover
  • confirmation of any coronavirus-related business loans you have received
  • dates your business had to close due to lockdown restrictions
  • dates you or your staff were unable to work due to coronavirus symptoms, shielding or caring responsibilities

You will need to report both grants:

The grant should be treated as income received on the day it’s paid for any Universal Credit claims or tax credit changes.

If any one has any questions please contact us and we will be happy to help.


Coronavirus: Self Employed Scheme Phase 2 Claims Open from 17th August

The government have announced further details on the extension to the SEISS (Self Employment Income Support Scheme) scheme for the self employed.

Initially the scheme allowed people to claim 80% of 3 months of their average income from 2016-19, capped at £7,500. This was to cover March – May 2020. The deadline for claims under the first stage of the scheme was 13th July 2020

The government have now announced that a second payment will be claimable in August to cover June, July and August. This will allow people to claim 70% of 3 months of their average income from 2016-19, capped at £6,570. This is expected to be the final payment under the scheme.

To be eligible you would need to:

  • Have traded in the tax year 2018 to 2019 and submitted your Self Assessment tax return on or before 23 April 2020 for that year
  • Have traded in the tax year 2019 to 2020
  • Intend to continue to trade in the tax year 2020 to 2021
  • Were eligible for the first SEISS grant (even if you did not claim it)
  • Have had a trade which was still adversely affected by Coronavirus on or after 14th July 2020

Only people who’s self employed income is more than 50% of their total taxable income for the year are eligible.

Your business could be adversely affected by coronavirus if, for example:

  • You’re unable to work because you:
    • are shielding
    • are self-isolating
    • are on sick leave because of coronavirus
    • have caring responsibilities because of coronavirus
  • You’ve had to scale down or temporarily stop trading because:
    • your supply chain has been interrupted
    • you have fewer or no customers or clients
    • your staff are unable to come in to work

You should keep any evidence that your business has been adversely affected by coronavirus at the time you made your claim, such as:

  • business accounts showing a reduction in turnover
  • confirmation of any coronavirus-related business loans you have received
  • dates your business had to close due to lockdown restrictions
  • dates you or your staff were unable to work due to coronavirus symptoms, shielding or caring responsibilities

You will need to report both grants:

The grant should be treated as income received on the day it’s paid for any Universal Credit claims or tax credit changes.

If any one has any questions please contact us and we will be happy to help.

Please find below a link to the new government website, which has more information

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


Coronavirus: Self Employed Scheme Update June 2020

The government have announced further details on the extension to the SEISS (Self employment Income Support Scheme) scheme for the self employed.

Initially the scheme allowed people to claim 80% of 3 months of their average income from 2016-19, capped at £7,500. This was to cover March – May 2020. The deadline for claims under the first stage of the scheme is 13th July 2020

The government have now announced that a second payment will be claimable in August to cover June, July and August. This will allow people to claim 70% of 3 months of their average income from 2016-19, capped at £6,570. This is expected to be the final payment under the scheme.

To be eligible you would need to:

  • Have traded in the tax year 2018 to 2019 and submitted your Self Assessment tax return on or before 23 April 2020 for that year
  • Have traded in the tax year 2019 to 2020
  • Intend to continue to trade in the tax year 2020 to 2021
  • Have had a trade which has been adversely affected by coronavirus

Your business could be adversely affected by coronavirus if, for example:

  • You’re unable to work because you:
    • are shielding
    • are self-isolating
    • are on sick leave because of coronavirus
    • have caring responsibilities because of coronavirus
  • You’ve had to scale down or temporarily stop trading because:
    • your supply chain has been interrupted
    • you have fewer or no customers or clients
    • your staff are unable to come in to work

Only people who’s self employed income is more than 50% of their total taxable income for the year are eligible.

If any one has any questions please contact us and we will be happy to help.

Please find below a link to the new government website, which has more information

www.gov.uk/coronavirus


Coronavirus: Furlough Scheme Update June 2020

The government have announced further details on the extension to the furlough scheme for employers. This includes the eventual subsidies employers will need to pay, as well as a new part time “Flexible Furlough” scheme.

How the Furlough Scheme Will Work Going Forward

For June and July the furlough scheme will remain unchanged, but flexible furloughing will come into effect in July.

From August, the government grant provided through the job retention scheme will be slowly tapered, so that employers pay part of the money to staff instead of the government. From the end of October the scheme will stop completely.

  • In June and July, the government will pay 80% of wages up to a cap of £2,500 as well as employer National Insurance (ER NICs) and pension contributions for the hours the employee doesn’t work – employers will have to pay employees for the hours they work
  • in August, the government will continue to pay 80% of wages up to a cap of £2,500 but employers will pay ER NICs and pension contributions. In other words, the same figures will go through payroll but employers will only be able to reclaim the salary costs from the government, not pension and ER NIC.
  • in September, the government will pay 70% of wages up to a cap of £2,187.50 for the hours the employee does not work – employers will pay ER NICs, pension contributions and 10% of wages to make up 80% of the total up to a cap of £2,500. In other words, the same figures (80%) will go through payroll but employers will only be able to reclaim 70% of salary costs from the government, and none of the pension and ER NIC.
  • in October, the government will pay 60% of wages up to a cap of £1,875 for the hours the employee does not work – employers will pay ER NICs, pension contributions and 20% of wages to make up 80% of the total up to a cap of £2,500. In other words, the same figures (80%) will go through payroll but employers will only be able to reclaim 60% of salary costs from the government, and none of the pension and ER NIC.

For flexible furloughing, the cap on the furlough grant will be proportional to the hours not worked.

If you are a smaller employer, some or all of your employer NIC bills will be covered by the Employment Allowance, so you should not be significantly impacted by that part of the tapering of the government contribution.

Flexible Furlough

Employers have expressed their issue with the current rules that workers can only be furloughed, or back at work, with no in-between or part time basis allowed. The government have reacted to that by introducing “Flexible Furlough” from 1st July.

From 1‌‌ July 2020, you’ll have the flexibility to bring previously furloughed employees back to work part-time – with the government continuing to pay 80% of wages for any of their normal hours they do not work up until the end of August.

You can decide the hours and shift patterns that your employees will work on their return and you will be responsible for paying their wages in full while working. This means that employees can work as much or as little as your business needs, with no minimum time that you can furlough staff for.

Any working hours arrangement that you agree with your employee must cover at least one week and be confirmed to the employee in writing. When claiming the CJRS grant for furloughed hours, you will need to report and claim for a minimum period of a week. You can choose to make claims for longer periods such as on monthly or two weekly cycles if you prefer. You will be required to submit data on the usual hours an employee would be expected to work in a claim period and actual hours worked.

If your employees are unable to return to work, or you do not have work for them to do, they can remain on furlough and you can continue to claim the grant for their full hours under the existing rules.

So as an example, Jane works 5 days a week 7 hours a day at £10 per hour (35 hour week) She works a lot of overtime so her furlough payments have been based on her average monthly pay 2019-20. Her employer is charged £5 per week in Employer NI. She is not in a pension scheme.

She comes back from furlough on 1st July to work 3 days a week instead of 5.

Jane’s employer would be able to pay her gross 3 days x 7 hours x £10 = £210

Her employer would then be able to claim 2/5th of her previous furlough claim for her wages, and 2/5th of her Employer’s NI.

We realise that this is somewhat complex. We will be able to calculate this for all of our clients, but you will need to keep note of your staff’s contracted hours, and hours worked – even if they are on a monthly salary, in order for us to make the claim for you.

If any one has any questions please contact us and we will be happy to help.

Please find below a link to the new government website, which has more information

www.gov.uk/coronavirus


Corona Support Update : Self Employed Grant, Bounce Back Loans and Local Top-Up Fund

We thought it would be helpful to let you know about some new support that is available from the government regarding Coronavirus, and more information regarding the Self Employment Income Support Scheme (SEISS)

Self-Employment Income Support Scheme

The HMRC will be contacting people from this week regarding their eligibility for a pay out under this scheme. The details of the scheme have been previously explained on an earlier post. If they have your mobile phone details they may text you, or they could email or write to you by post, but they will only ever direct you to the gov.uk website – if you receive any messages with links to select, these may be scams.

If you have a Government Gateway account they may message you through this account. If you do not have an account you will not need to set one up to claim, just fill in an online form and provide proof of ID.

If you are not sure if you are eligible, or if they have the correct contact details for you, please use the below link to use their online tool to check. You will just need your UTR number (Unique Tax Reference number) and Ni number. This should be shown at the top of any letters from the HMRC about Self Assessment, or on the front page of your Self Assessment tax return.

Once you have used the tool it will give you the option to add up to date contact details, so that they can contact you more quickly.

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

They are expected to contact all Self employed people that they believe are eligible by the end of next week. When they contact you they will let you know what date you can apply. Dates start from 13th may. It is expected that you will get payment 6 working days after application, as long as there are no issues with your claim.

Agents are not allowed to make the claim, and have no access to your Government Gateway account, or even if you have a GG account. The government will calculate how much you are entitled to. Our clients have already been sent an estimate by us as to what we believe they will be offered under the rules

Bounce Back Business Loan Scheme

Due to the mixed reviews on the Coronavirus Business Interruption Loan Scheme, the government have announced thsi new loan scheme aimed at businesses wanting to borrow £50,000 or less.

The scheme helps small and medium-sized businesses to borrow between £2,000 and up to 25% of their turnover. The maximum loan available is £50,000.

The government guarantees 100% of the loan and there won’t be any fees or interest to pay for the first 12 months. After 12 months the interest rate will be 2.5% a year. You can have the loan for up to 6 years, there is no penalty charges to pay it back early, and no payments are due in the first year.

11 lenders are supporting the loans. More details are on the link below:

https://www.gov.uk/guidance/apply-for-a-coronavirus-bounce-back-loan

Top Up to Local Business Grants

A discretionary fund has been set up to accommodated certain small businesses previously outside the scope of the business grant funds scheme. On 2nd May it was announced that an extra £617m would be distributed to local councils to distribute as they saw fit. This additional fund is aimed at small businesses with ongoing fixed property-related costs.

They are asking local authorities to prioritise businesses in shared spaces, regular market traders, small charity properties that would meet the criteria for Small Business Rates Relief, and bed and breakfasts that pay council tax rather than business rates. But local authorities may choose to make payments to other businesses based on local economic need. The allocation of funding will be at the discretion of local authorities.

Businesses must be small, under 50 employees, and they must also be able to demonstrate that they have seen a significant drop of income due to Coronavirus restriction measures.
There will be three levels of grant payments. The maximum will be £25,000. There will also be grants of £10,000. local authorities will have discretion to make payments of any amount under £10,000. It will be for councils to adapt this approach to local circumstances.

For more information on this we would suggest that you contact your local council. More details are on the below link.

https://www.gov.uk/government/news/top-up-to-local-business-grant-funds-scheme

We’re Here To Support You

If you need any help or are worried about anything please get in touch and we will do all that we can to help and give advice. If you are not a client but are worried or need advice, please contact us and we will help you – Free of Charge 🙂

 

 


Coronavirus: Support for Businesses

We thought it would be helpful to summarise the support for businesses that is currently available from the government. More in-depth information is on previous posts on this website, or the government website – a link is at the bottom of this post.

Support for Employees

Coronavirus Job Retention Scheme

  • This is a grant – you will not have to pay this back. But you will have to pay tax and NI on it, and declare it if you are on benefits.
  • Any UK business with employees can claim, including charities, recruitment agencies and public authorities.
  • Covers full-time, part-time, agency and zero hour contract employees.
  • Employees can be furloughed on 80% of their wages (capped at £2,500 per month) for up to 3 months if they would otherwise be made redundant, as long as they do no work for their employer at all whilst furloughed.
  • Employers can “top up” the other 20% of the furlough pay but they don’t have to.
  • Employees already on unpaid leave cannot be furloughed. Employees on Sick Leave or self-isolating should get SSP, but can be furloughed after this.
  • If an employee is working but on reduced hours or reduced pay they are not eligible for the scheme.
  • They must be furloughed for a min, of 3 weeks and must be notified in writing. They can be brought back and then furloughed again if necessary.
  • Some staff can be furloughed whilst some still work. If staff have more than one job they can still work elsewhere or do volunteer work.
  • Company directors can be furloughed as long as they have stopped providing services or generating income.
  • Furlough money will be able to be reclaimed by employers from the HMRC from approx. the end of April through a new portal.

Support for Sole Traders, Partnerships & the Self Employed

Coronavirus Self-Employed Income Support Scheme

Who can claim and what you’ll get:

  • This is a grant – you will not have to pay this back. But you will have to declare it on tax returns and if you are on benefits.
  • The scheme will pay taxable grant payments to anyone who submitted a 2018-19 tax return and is still trading through to the 2020-21 tax year. On the return self-employment has to have been your main source of income, and you must have made a profit of less than £50,000 ( or it was if averaged over the last 3 yrs)
  • You will get 3 months’ pay of 80% of your average self-employed profit based on the last 3 years (or whatever period you were trading if it was less than this.)

The bad news:

  • If you were not self employed on 5th April 2019 or if you have stopped trading since 5th April 2019, or are about to, you cannot claim.
  • If you average profit was over £50,000 in the last 3 years, or if self-employment was not the main source of income on your return, you cannot claim.
  • The money will be paid in one lump sum for the 3 months, but not until June 2020 at the earliest.

The HMRC will contact people that are eligible and explain how to claim the money. This will not be for at least 4 weeks – so expected to start in May. They will not contact you by text or email – please be aware of fraudsters.

Loans For Businesses

Coronavirus Business Interruption Loan Scheme (CBILS)

Good points:

  • Loans should be available for most small businesses with turnover under £45m interest free for at least 12 months – sole traders, partnerships or Ltd Cos.
  • Loans are backed by the government so personal collateral should not be required.
  • Loans should be available for businesses that would not have been eligible for help before.

Bad points:

  • Unlike the other support it will need to be paid back. The money is a loan. Any money owed over 12 months may have interest charged.
  • Loans must be for a business reason and cannot be used to pay personal living expenses etc.
  • Some banks are asking for personal or business assets as security – which is not as the government intended.
  • Some banks will offer you loans and overdrafts that they would normally have given you, at high interest rates, before they will offer you one of these loans.

If you have approached a bank and they have not offered you one of these loans, have asked for security or your own bank has been unhelpful, we would recommend trying another bank from the list of lenders. Full details of the scheme is on the British Business Bank website – see link below.

https://www.british-business-bank.co.uk/ourpartners/coronavirus-business-interruption-loan-scheme-cbils-2/for-businesses-and-advisors/

Grants for those with Business Premises

The Retail and Hospitality Grant Scheme

  • This is a grant – you do not have to pay it back.
  • This scheme will provide businesses in the retail, hospitality and leisure sectors with a cash grant of up to £25,000 per property.
  • For businesses in these sectors with a rateable value of under £15,000, they will receive a grant of £10,000.
  • For businesses in these sectors with a rateable value of between £15,001 and £51,000, they will receive a grant of £25,000.

If you are not sure if you get one of these bills, check your paperwork. Councils should be contacting businesses shortly about this money.

Businesses in the retail, hospitality and leisure sectors will also not have to pay rates for the 2020-21 tax year.

Small Business Grant Scheme

  • This is a grant – you do not have to pay it back.
  • The government will provide funding for local authorities to support small businesses that already pay little or no business rates because of small business rate relief (SBBR), rural rate relief (RRR) and tapered relief.
  • This will provide a one-off grant of £10,000 to eligible businesses to help meet their ongoing business costs.

If you receive a rates bill from the council every year, but it is adjusted to zero with the wording “Small Business Rates Relief”, you should be eligible for the grant. This we think also applies to holiday lets as well as businesses with premises. It would not apply to those with a high enough rateable value that they have to pay rates, or for normal rental property businesses that are not holiday lets.

If you are not sure if you get one of these bills, check your paperwork. Councils should be contacting businesses shortly about this money.

Other Business Support Available

  • All businesses that are VAT registered can delay paying VAT due between 20th March and 30th June 2020. This will now be due next year. (VAT returns do still have to be submitted)
  • Any individual on Self Assessment can now delay payments on account due 31st July 2020, and not pay them until 31st January 2021.

Other Personal Support Available

  • Universal credits are available immediately without a wait and you can earn more money than before and still be eligible. The amounts awarded have also been increased, including the amount to cover rent.
  • Most banks and building societies have agreed to offer up to 3 months mortgage payment holidays
  • Anyone with a loan or HP agreement may also be able to get up to 3 month’s holiday from payments.
  • Anyone paying council tax who is in real hardship can apply to the council – the council may be able to use money provided to them to reduce your council tax bill in the short term.
  • If you pay council tax you may also be able to ask if you can delay your payments for the first 2 months of the new tax year, paying in Feb and March next year instead. As they usually collect only 10 payments a year some councils have agreed to this.

All of the different types of support that are available are confusing, and we have tried our best to summarise them in plain English. Further in depth information is available both on this website and the government website – please make sure you meet all of the criteria to receive any of the support packages offered. We would be happy to provide specific advice to anyone who needs it, whether you are a client or not, free of charge. Please get in touch and we’ll be happy to help. We all need to help each other right now.

Please find below a link to the new government website, which has more information about all of these support packages

www.businesssupport.gov.uk