Small Business Support & Advice re Coronavirus

Following on from the Chancellor’s recent measures to assist small business in light of the Coronavirus we have summarised below some key points relating to payroll and employment matters below. Updates will be posted in date order;

Other announcements;

  • Job Retention Scheme – Wages cover for businesses hit by virus. The government is to pay 80% of wages for employees unable to work due to the coronavirus pandemic, up to £2,500 a month. Backdated to 1st March 2020
  • Time to pay taxes – the government have urged HMRC to enhance their existing time to pay service. HMRC are reportedly asking for minimal evidence in order to agree an arrangement to pay by instalments which is good news.
  • Ability to claim back SSP from the government
  • Employment allowance increase to £4k per annum
  • Further guidance here regarding working from home, employees rights etc

A full summary of the current support measures can found at the links below;

Support measures for business employers

Support measures for employees and individuals