Time To Pay Arrangements Due to the Covid-19 pandemic, HMRC are being more generous and lenient on ‘Time to Pay’ than previously. What is Time To Pay? Time To Pay is the service that people or businesses in financial difficulties can use to agree a payment plan with HMRC. It’s done on a case by case basis, as it involves a bit of negotiation with HMRC where you state what you can pay, and perhaps they ask for slightly more initially, or a shorter total

The Chancellor announced measures for statuory sick pay (SSP) to help small businesses through the Coronavirus pandemic. SSP has always been available for directors and employees. However, because of Covid-19, the following changes have been implemented. The amount that you can claim for SSP is £94.25 per week. Therefore, if you claim for the two week period, this would be 2 x £94.25, so £188.50. Directors and employees who are unable to work because they have to self-isolate due to Coronavirus (not for some other

Business Interruption Loan Scheme The Government will help small businesses access bank lending by providing guarantees of 80% on each loan. What can I get? Loans, overdrafts, invoice finance and asset finance of up to £5 million and for up to 6 years are being supported. The loans themselves will be through commercial banks, however the first 12 months of interest will be covered by the Government, as well as any lender-levied fees. This means that smaller businesses will have no upfront costs and initially,

Businesses that pay business rates BUSINESS RATE HOLIDAY There will be relief from paying business rates for any businesses in the retail, hospitality or leisure sector that currently pay business rates.This will be from the 2020/21 tax year starting on 5th April 2020. The business rates holiday is managed by your local authority, rather than HMRC, therefore unfortunately we can’t help you on this; please contact your local authority instead. £25,000 GRANT A £25,000 grant will be provided to retail, hospitality and leisure businesses operating