The application process for businesses to apply for financial assistance as a result of COVID-19 is now open and live on Falkirk Council’s website. Small firms who currently receive small business bonus rates relief will be eligible for a £10,000 grant. You can also get this grant if you applied for Nursery Relief, Business Growth…
To help owners of non-domestic properties, including businesses, deal with the impact of Coronavirus, the Scottish Government has made changes to non-domestic rates (business rates) for 2020-21. These reliefs will be available to non-domestic properties from 1 April 2020 to 31 March 2021. EXTRA RELIEFS TO HELP WITH THE CORONAVIRUS All non-domestic properties in…
All businesses and self-employed people in financial distress, and with outstanding tax liabilities, may be eligible to receive support with their tax affairs through HMRC’s Time To Pay service. These arrangements are agreed on a case-by-case basis and are tailored to individual circumstances and liabilities. ELIGIBILITY You are eligible if your business: pays tax…
Most commercial insurance policies are unlikely to cover pandemics or unspecified notifiable diseases, such as Covid-19. Businesses which have an insurance policy that covers government ordered closure and pandemics or government ordered closure and unspecified notifiable disease should be able to make a claim (subject to terms and conditions of their policy). Notifiable diseases: On…
You can claim for wages online through the Coronavirus Job Retention Scheme. If you cannot maintain your current workforce because your operations have been severely affected by coronavirus (COVID-19), you can furlough employees and apply for a grant that covers 80% of their usual monthly wage costs, up to £2,500 a month, plus the associated Employer…
The next quarter of VAT payments for businesses have been deferred by HMRC until the end of June 2020 at least. If you’re a UK VAT registered business and have a VAT payment due between 20 March 2020 and 30 June 2020, you have the option to: defer the payment until a later date pay…
Sick Pay paid to employees due to coronavirus (COVID-19) If you’re an employer, find out if you can use the Coronavirus Statutory Sick Pay Rebate Scheme to claim back employees’ coronavirus-related Statutory Sick Pay (SSP). https://www.gov.uk/guidance/claim-back-statutory-sick-pay-paid-to-employees-due-to-coronavirus-covid-19#history To claim : https://www.gov.uk/guidance/claim-back-statutory-sick-pay-paid-to-your-employees-due-to-coronavirus-covid-19 BACK TO RESOURCES
If your business has been closed or impacted by Coronavirus, you might be able to agree a rent holiday or rent payment deferral with your landlord. The Coronavirus Scotland Bill was introduced to the Scottish Parliament by the Cabinet Secretary for the Constitution, Europe and External Affairs, Michael Russell MSP, on 31 March 2020. This…
Chancellor Rishi Sunak has unveiled a series of measures which could help business owners who are classed as self-employed. The measures detailed include: Those who are classed as self-employed will be able to have 80% of their monthly wages covered by the government This will be calculated using average monthly profits over the last three…
Income Tax payments due in July 2020 under the Self-Assessment system will be deferred until January 2021. ELIGIBILITY You are eligible if you are due to pay your second self-assessment payment on account on 31 July. You do not need to be self-employed to be eligible for the deferment. The deferment is optional. If you…
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