COVID-19 BUSINESS SUPPORT
Scottish Government Business Support Helpline: 0300 303 0660
Small businesses can now apply for the Coronavirus Business Interruption Loan Scheme (CBILS). They have changed eligibility criteria to make it easier for businesses to access funds.
Job retention scheme will open for applications by the end of April
Help for the self-employed - the UK Government will support the self-employed who have been affected by the coronavirus. Grants will not be available until June
You are not alone - NHS Inform has a list of organisations that can help you deal with anxiety and stress at this difficult time
Creative sector support has been announced by Creative Scotland
Support for co-operatives - Co-operatives UK are providing practical guides and advice for co-operatives in relation to the impact of COVID-19
STATUTORY SICK PAY REBATE SCHEME HMRC 03.04.20
At Budget 2020 the Chancellor announced details about a new coronavirus (COVID-19) Statutory Sick Pay Rebate Scheme. This scheme will allow small and medium sized employers, with fewer than 250 employees, to apply to HMRC to recover the costs of paying Statutory Sick Pay to their employees.
Today HMRC has published new online guidance which includes information about who can use the scheme and the records employers must keep.
HMRC is working urgently to set up a system for reimbursement. Existing systems are not set up to facilitate payments to employers.
Details about when the new Statutory Sick Pay Rebate Scheme can be accessed and when employers can make a claim will be announced as soon as possible.
At Budget 2020 the Chancellor announced details about a new coronavirus (COVID-19) Statutory Sick Pay Rebate Scheme. This scheme will allow small and medium sized employers, with fewer than 250 employees, to apply to HMRC to recover the costs of paying Statutory Sick Pay to their employees.
Today HMRC has published new online guidance which includes information about who can use the scheme and the records employers must keep.
HMRC is working urgently to set up a system for reimbursement. Existing systems are not set up to facilitate payments to employers.
Details about when the new Statutory Sick Pay Rebate Scheme can be accessed and when employers can make a claim will be announced as soon as possible.
BUSINESS SUPPORT FUND BUSINESS GLASGOW 01.04.20
There are two types of grant available to ratepayers:
Before submitting your application, check that you have:
There are two types of grant available to ratepayers:
- £10,000 grant to ratepayers of businesses in receipt of the Small Business Bonus Scheme or Rural Relief. Business with a rateable value up to £18,000 are eligible. You can also get this grant if you applied for Nursery Relief or Disabled Relief but are eligible for the Small Business Bonus Scheme.
- £25,000 grant for retail, hospitality and leisure business ratepayers with a rateable value between £18,001 - £50,999.
Before submitting your application, check that you have:
- fully completed your form and saved it as a PDF or Word doc only
- included your bank statement as jpeg, png or PDF only
- attached and sent together in one email.
UPDATE 23 MARCH
The Coronavirus Business Interruption Loan Scheme (CBILS) has opened for applications. It supports term loans, overdrafts, invoice finance and more. It can provide facilities of up to £5 million for smaller businesses across the UK who are experiencing lost or deferred revenues, leading to disruptions to their cashflow.
Job retention support and deferring VAT and Income Tax payments has been announced by the UK Government. Childcare provision for key workers information has been released by the Scottish Government.
If you are concerned about being able to pay your tax due to COVID-19, call HMRC’s dedicated helpline on 0800 015 9559. Lines are open from Monday to Friday, 8am to 8pm and on Saturday, 8am to 4pm.
To help business owners, the Scottish Government have made changes to the non-domestic rates (business rates) for 2020-21 along with extra rates relief.
The Coronavirus Business Interruption Loan Scheme (CBILS) has opened for applications. It supports term loans, overdrafts, invoice finance and more. It can provide facilities of up to £5 million for smaller businesses across the UK who are experiencing lost or deferred revenues, leading to disruptions to their cashflow.
Job retention support and deferring VAT and Income Tax payments has been announced by the UK Government. Childcare provision for key workers information has been released by the Scottish Government.
If you are concerned about being able to pay your tax due to COVID-19, call HMRC’s dedicated helpline on 0800 015 9559. Lines are open from Monday to Friday, 8am to 8pm and on Saturday, 8am to 4pm.
To help business owners, the Scottish Government have made changes to the non-domestic rates (business rates) for 2020-21 along with extra rates relief.
UPDATE 20 MARCH
Scottish Government The Scottish Government has outlined a package of measures in place to support business through the COVID-19 outbreak worth 2.2 billion from 1 April:
a full year’s 100% non-domestic rates relief for retail, hospitality and tourism
£10,000 grants for small businesses in receipt of the Small Business Bonus Scheme or Rural Relief
£25,000 grants for hospitality, leisure and retail properties with a rateable value between £18,000 and £51,000
1.6% relief for all properties, effectively freezing the poundage rate next year
First Minister to convene an emergency meeting of the Financial Services Advisory Board
urging local authorities to relax planning rules to allow pubs and restaurants to operate temporarily as takeaways extending the go live date for the deposit return scheme to July 2022
halting the introduction of the Visitor Levy Bill
Full details can be found here: https://www.gov.scot/news/gbp-2-2-billion-for-business/. Scottish Govt Guidance on new reliefs, released on 19 March 2020: https://www.mygov.scot/non-domestic-rates-coronavirus/ Support can also be found at: www.FindBusinessSupport.gov.scot
Scottish Government The Scottish Government has outlined a package of measures in place to support business through the COVID-19 outbreak worth 2.2 billion from 1 April:
a full year’s 100% non-domestic rates relief for retail, hospitality and tourism
£10,000 grants for small businesses in receipt of the Small Business Bonus Scheme or Rural Relief
£25,000 grants for hospitality, leisure and retail properties with a rateable value between £18,000 and £51,000
1.6% relief for all properties, effectively freezing the poundage rate next year
First Minister to convene an emergency meeting of the Financial Services Advisory Board
urging local authorities to relax planning rules to allow pubs and restaurants to operate temporarily as takeaways extending the go live date for the deposit return scheme to July 2022
halting the introduction of the Visitor Levy Bill
Full details can be found here: https://www.gov.scot/news/gbp-2-2-billion-for-business/. Scottish Govt Guidance on new reliefs, released on 19 March 2020: https://www.mygov.scot/non-domestic-rates-coronavirus/ Support can also be found at: www.FindBusinessSupport.gov.scot