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Information for businesses and employers
The coronavirus (COVID-
Chancellor Rishi Sunak has set out a package of temporary, targeted measures to support public services, people and businesses through the period of disruption caused by COVID-
Here we consider the measures announced to support businesses including the significant package of measures announced on 17 March 2020:
Increases and extensions to business rates reliefs
The government had previously announced business rates discounts of 50% for retailers, cinemas and music venues with a rateable value below £51,000, and a £5,000 discount for pubs. On 17 March the Chancellor announced that the business rates discount will be increased to 100% and expanded further to include all hospitality, retail and leisure businesses, no matter what their rateable value, for the 2020/21 tax year.
Many small businesses pay little or no business rates because of SBRR. The government will supply funding for local authorities in England, which will provide one-
Business rates have been devolved to Scotland, Northern Ireland and Wales, so the UK government has announced measures that affect business rates in England. We have not considered other parts of the UK in this summary.
The Coronavirus Business Interruption Loan Scheme
In the Budget the Chancellor announced the implementation of the Coronavirus Business Interruption Loan Scheme, which will support the continued provision of finance to UK businesses during the COVID-
The government will increase the scope of the Business Interruption Loan Scheme announced in the Budget from £1.2 million to £5 million, with no interest due for the first six months.
Extended access to Statutory Sick Pay (SSP)
As part of a package to widen the scope of SSP and make it more accessible, SSP entitlement will begin from the first day of sickness absence, rather than the fourth, for those who have COVID-
SSP relief for SMEs
Small and medium-
The eligible period for the scheme commenced the day after the regulations on the extension of SSP to self-
Expanded access to Time to Pay
The government will ensure that businesses and self-
HMRC has set up a dedicated COVID-
HMRC delays introduction of off-
HMRC has delayed the introduction of off-
The reforms will shift the responsibility for assessing employment status to the organisations employing individuals. The rules would have applied to contractors working for medium and large organisations in the private sector, and were due to come into effect on 6 April. Steve Barclay, Chief Secretary to the Treasury, stressed that the introduction of the rules has simply been delayed, rather than cancelled. The rules will now take effect on 6 April 2021.
In a statement, HMRC said: 'This is part of additional support for businesses and individuals to deal with the economic impacts of COVID-
'This means that the different rules that exist for inside and outside the public sector will continue to apply until 6 April 2021.'
The introduction of the off-
We are here to help and advise you in these difficult times. The latest government guidance can be found by accessing GOV.UK coronavirus webpage.