COVID-19: measures for UK businesses
- Information for businesses and employers
- The Chancellor has set out a package of temporary, timely and targeted measures to support public services, people and businesses through this period of disruption caused by COVID-19.
- Coronavirus Business Interruption Loan Scheme goes live
- The government's Coronavirus Business Interruption Loan Scheme went live for applications from today (23 March).
- COVID-19 Business Measures - job retention and tax deferrals
- We set out a summary of the salary support and tax deferral schemes that were announced on 20 March 2020.
- UK facing 'worst recession in modern history'
- The UK economy is facing its 'worst recession in modern history'.
- Government and financial regulators tell banks to keep lending
- British banks must keep lending to businesses through the coronavirus crisis to ensure viable companies do not fail, the government and financial regulators have urged.
- Chancellor unveils help for self-employed workers
- On the 26 March, Chancellor Rishi Sunak announced a scheme to help self-employed workers who have been hit by the COVID-19 crisis.
- HMRC urges businesses using VAT deferral to cancel direct debits
- Businesses that have been affected by the COVID-19 pandemic and are seeking to make use of the VAT deferral have been urged to cancel their direct debits 'as soon as they can'.
- HMRC publishes guidance on recognising genuine government contact
- HMRC has published guidance on recognising genuine contact from the tax authority during the COVID-19 pandemic.
- Government relaxes insolvency rules during coronavirus pandemic
- The government has relaxed the insolvency regulations during the COVID-19 pandemic in order to give restructuring businesses time to continue trading.
- Directors on PAYE can furlough under job retention scheme
- Company directors who receive salaries through Pay as You Earn (PAYE) are eligible for furlough under the government's Coronavirus Job Retention Scheme.
- Government publishes details on coronavirus grant schemes for small businesses
- The government has published details on the COVID-19 support schemes for small businesses and retailers.
- Majority of UK firms have less than three months' cash reserves
- A significant number of UK firms face the prospect of running out of cash within three months, according to a survey carried out by the British Chambers of Commerce (BCC).