CoronaVirus (COVID-19): What you need to know

Coronavirus disease (COVID-19) is an infectious disease caused by a newly discovered coronavirus. Government Guidelines must be followed at all times.

The government has released guidance and support measures specifically for businesses and employers related to the Coronavirus (COVID-19) and this will be updated regularly.

A package of measures is available to support businesses including:

  • Coronavirus Job Retention Scheme
  • Self-employment Income Support Scheme
  • deferring VAT and Income Tax payments
  • a Statutory Sick Pay relief package for SMEs
  • a 12-month business rates holiday for all retail, hospitality and leisure businesses in England
  • small business grant funding for all business in receipt of small business rate relief or rural rate relief
  • grant funding for retail, hospitality and leisure businesses with property with a rateable value between £15,000 and £51,000
  • the Coronavirus Business Interruption Loan Scheme
  • the HMRC Time To Pay Scheme

Find the answers to Frequently Asked Questions about business support.

If you would like to receive updates on the government’s response to COVID-19 you can sign up for email alerts.

Support for Employers to keep paying their staff

All UK employers will be able to access support to continue paying part of their employees’ salary for those employees that would otherwise have been laid off. HMRC are working urgently to set up a system for reimbursement. They expect the first grants to be paid within weeks, and are aiming to get it done before the end of April.

Find out more

Support for Self Employed

Self-employed people will be able to apply for a taxable grant worth 80% of their average monthly profits over the last 3 years, up to £2,500 per month.

Find out more

Support for business paying tax

Full details about the deferred VAT payments for 3 months

Full details about the deferred Self Assessment payments

Time To Pay

If you are concerned about being able to pay your tax due to COVID-19, call HMRC’s dedicated helpline on 08000 241222 for practical help and advice.

Support

For full details of the support available for businesses to deal with impacts of COVID-19 visit the .gov Business Support page

If you need help to understand what support is available to you please call CIoS Growth Hub on 01209 708660 during office hours.

If you are unable to get through immediately please leave a message or email hello@ciosgrowthhub.com and they will get back to you.

For more help and resources, please visit CIoS Growth Hub