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Covid 19...

 

Full details of the Furlough scheme and calculations:
https://www.gov.uk/guidance/claim-for-wage-costs-through-the-coronavirus-job-retention-scheme

The ACCA together with ACAS have issued the following example furlough letters
https://i.emlfiles4.com/cmpdoc/2/5/6/6/2/files/660053_job-retention-scheme---furloughed-workers-update-and-suggested-proforma-letters.pdf

Self-employed Income Support Scheme:
https://www.gov.uk/guidance/claim-a-grant-through-the-coronavirus-covid-19-self-employment-income-support-scheme

Further details still to be provided on this but the key point to note is that the first payment will not be available until early June. Businesses and individuals are being advised to review their cash flow requirements in the interim and either complete a universal credit claim or, speak to one of the lenders on the coronavirus business interruption scheme panel. Detailed list below but the first point of contact should be your own bank.
https://www.british-business-bank.co.uk/ourpartners/coronavirus-business-interruption-loan-scheme-cbils-2/current-accredited-lenders-and-partners/

General Coronavirus Financial Support
https://www.businesssupport.gov.uk/coronavirus-business-support/

 

 

Government announcements updated 20th March 2020
Includes Job retention scheme and Time to pay arrangements
https://www.gov.uk/government/publications/guidance-to-employers-and-businesses-about-covid-19/covid-19-support-for-businesses

 

Government guidance for employers, employees and business:
https://www.gov.uk/government/publications/guidance-to-employers-and-businesses-about-covid-19

 

 

General Support


All the big banks have announced that they want to offer full support for small businesses during the crisis – each has set up dedicated advice services.
If you or your business has financial problems, the best advice is to contact your bank as early as possible – they are likely to be besieged with similar requests, so the earlier you speak to your bank the better. Some banks are offering mortgage holidays, others may increase your overdraft facility or loan facility during this period.


Find more information at:


BARCLAYS https://home.barclays/news/2020/03/supporting-our-customers-and-clients-impacted-bycoronavirus--co/


HALIFAX www.halifax.co.uk/helpcentre/coronavirus/


HSBC www.hsbc.co.uk/help/coronavirus/


LLOYDS www.lloydsbank.com/help-guidance/coronavirus.html


NATWEST www.business.natwest.com/business/support-centre/service-status/coronavirus.html


ROYAL BANK OF SCOTLAND www.business.rbs.co.uk/business/support-centre/service-status/coronavirus.html

 

 

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Newsham Hanson

 

 

 

 

 

 

 

 

 

 

 

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