What We Know The Government announced on 2 November 2020 that it will double the level of financial support for self-employed workers in November during the second coronavirus lockdown in England.
Following the lockdown measures announced by the Government on 31 October 2020 that are due to take effect on 5 November, the Government has announced that it will provide financial support via grants for those businesses that are required
What We Know Following the lockdown measures announced by the Government on 31 October 2020 that are due to take eff ect on 5 November, the Coronavirus Job Retention Scheme (“CJRS”) which was due to end on 31 October 2020, will be extended until December. The Job Support Scheme which was due to take effect from 1 November has now been postponed.
The Job Support Scheme is designed to protect viable jobs in businesses who are facing lower demand over the winter months due to Covid-19, to help keep their employees attached to the workforce.
The Chancellor recognises the continued impact that COVID-19 has had on the self-employed and has taken action to provide support. The SEISS Grant Extension provides critical support to the self-employed.
The Kickstart Scheme provides funding to employers who create new 6-month job placements for young people who are currently on Universal Credit and at risk of long-term unemployment.
The Coronavirus Job Retention scheme (CJRS) is ending on 31 October 2020. For the final month of CJRS, the government will pay 60% of wages up to a cap of £1,875 for the hours the employee is on furlough.
Urgent Action now required to apply for Grants and other funding administered by The Arts Council England, The British Film Institute, National Lottery Heritage Fund and Historic England (Last updated 30 July 2020) On 5 July 2020,
• CJRS closes to new entrants on 30 June. • Given the minimum furlough period, if Employers are yet to make a claim under CJRS and they wish to do so going forward under the new scheme “CJRS2” then they have until 10 June to notify staff so that their period of furlough can commence in time. • For Employers who have previously made a claim under CJRS, they too have until 10 June to notify any employee not previously furloughed, if they wish for that employee to be eligible under CJRS2.
In response to Covid-19 the Government announced there would be support made available for small businesses, and businesses in the retail, hospitality and leisure sectors. This support will take the form of two grant funding schemes, the Small Business Grant Fund (SBGF) and the Retail, Hospitality and Leisure Grant Fund (RHLG). Small Business Grant Fund
This new scheme has been set up by the government to provide support for those who are self-employed, either as a sole trader or a partner in a partnership.
If your accounts will be late because your company is affected by COVID-19, and your filing deadline has not yet passed, you can apply for an automatic and immediate 3 month extension to file your accounts.
The following is a listing of organizations and programs that are offering support for creative practitioners who have been impacted by COVID-19.
On 23 March we circulated fact sheets on the various Schemes that the Government had set up to support Businesses. Set out in the following sections is a summary of further information
The Government has heeded to concerns that there was not sufficient help for self-employed persons to include individuals in partnership. The Chancellor of the Exchequer
In order to help small and medium sized businesses with Statutory Sick Pay (SSP) extra costs arising as a result of COVID-19, the Government will refund to an employer eligible SSP costs.
The Government will set up a scheme so that all UK employers, regardless of size, will be eligible for assistance where an employee has been designated as a “furloughed worker.”
The Coronavirus Business Interruption Loan Scheme (CBILS) is a loan guarantee scheme whereby the bank lends the business money with the Government providing the bank with an 80% guarantee.
In response to the coronavirus (COVID-19) the Government announced additional measures to help smaller businesses and the self-employed individuals. This includes business rates holiday and cash grants for retail, hospitality...