Advice updated Thursday 30 July 2020.

For businesses there is an unprecedented amount of uncertainty over what the following days and months may bring as a result of COVID-19. Below are some of the measures that are in place to assist businesses and individuals during this time. We will be keeping this guidance updated as and when there are developments.

For guidance on what financial support is available to your business please use the following Business Support Finder Tool: https://www.gov.uk/business-coronavirus-support-finder

Please click on the below sections to find out more:

• Coronavirus Job Retention Scheme – Current Rules
• Coronavirus Job Retention Scheme – Flexible Rules (effective 01.07.2020)
• Job Retention Bonus
• Support for Firms Driving Innovation
• Self-employment Income Support Scheme
• Discretionary Fund for Small Businesses in England
• Grants for Small Businesses in England
• Business Interruption Loan Scheme
• Bounce Back Loans
• Payroll General Information & Statutory Sick Pay
• VAT and Tax
• VAT in the Hospitality and Tourism Sector
• Help for Eating Establishments
• Business Rates Relief and Small Business Grant Funding for Businesses with Property in England
• Measures for Businesses with Property in Scotland
• Assistance in Scotland for Small Businesses and the Newly Self-employed
• Measures for Businesses in Wales
• Support for Charities
• HMRC’s Time to Pay Arrangements, Finance & Insurance
• Companies House
• Universal Credit and Working Tax Credit
• Working Tax Credits
• Stamp Duty Holiday
• Making Tax Digital
• Insolvency Rule Changes – 28 March 2020
• Support for Dairy Farmers in England and Wales
• Dentists – NHS England Update
• Dentists – Support for Scottish Dental Practices
• Mortgages – In a move to assist individuals and employees, individuals with mortgages can speak to their lenders to arrange a 3 month mortgage holiday. This includes Buy To Let mortgages.
• IR35 Reform Delayed – The implementation of IR35 Off-Payroll tax reforms have been delayed for a year, with the new legislation now due to be reintroduced in April 2021.

At the start of July the Chancellor delivered his Summer Economic Update and announced a number of new measures to help stimulate the economy as we enter the second phase of the government’s economic response. These measures included the Job Retention Bonus, Kickstart Scheme, Training & Apprenticeships, VAT in the Hospitality & Tourism Sector, Stamp Duty Holiday, Green Home Grants and Eat Out to Help Out – please click here for further information on all of these schemes.

As always, rest assured that Dodd & Co will be working tirelessly to keep you up to date with developments, and whether you need business advice or even just a chat remember that we are here to assist you and your business.