21st March 2020
This bulletin provides information for employers and businesses on Coronavirus (COVID-19). All guidance, information and announcements can be found at GOV.UK. Organisations should pay particular attention to the guidance for employees, employers and businesses which is being updated regularly with the latest advice.
The Chancellor of the Exchequer has announced a package of support to help workers, in addition to the package set out for business:
Coronavirus Job Retention Scheme
Under the Coronavirus Job Retention Scheme, all UK employers will be able to access support to continue paying part of their employees’ salary for those employees that would otherwise have been laid off during this crisis. Employers will need to:
Deferring Valued Added Tax (VAT) payments for 3 months.
The deferral will apply from today until the end of June. This is an automatic offer with no applications required. Businesses will not need to make a VAT payment during this period. Taxpayers will be given until the end of the 2020-21 tax year to pay any liabilities that have accumulated during the deferral period. VAT refunds and reclaims will be paid by the government as normal.
Income Tax payments due in July 2020 under the Self Assessment system will be deferred to January 2021.
Income Tax Self-Assessment payments due on the 31 July 2020 will be deferred until the 31 January 2021. This is an automatic offer with no applications required. No penalties or interest for late payment will be charged in the deferral period.
HMRC Time to Pay
HMRC have also scaled up their Time to Pay offer to all firms and individuals who are in temporary financial distress as a result of Covid-19 and have outstanding tax liabilities. You can contact HMRC’s dedicated Covid-19 helpline to get practical help and advice. This can be reached by calling 0800 0159 559.
Coronavirus Business Interruption Loan Scheme
A new temporary Coronavirus Business Interruption Loan Scheme, delivered by the British Business Bank, will launch early next week to support primarily small and medium-sized businesses to access bank lending and overdrafts. The government will provide lenders with a guarantee of 80% on each loan (subject to a per-lender cap on claims) to give lenders further confidence in continuing to provide finance to SMEs. The government will not charge businesses or banks for this guarantee, and the Scheme will support loans of up to £5 million in value. Businesses can access the first 12 months of that finance interest free.
Business closures to reduce social gathering
Government has asked that all cafes, pubs, bars and restaurants are to close on Friday 20 March. They can continue to provide take-out services. Nightclubs, theatres, cinemas, gyms and leisure centres should also close on Friday 20 March. This situation will be reviewed each month.
New Updates and Guidance
Closure of schools and care for the children of critical workers
Information for parents and carers about the closure of schools and other educational settings has been published. Children of workers who form a central part of effort to respond to the virus - such as NHS workers, police and delivery drivers - will continue to attend school, college or childcare provider. A full list of critical workers and further information is available.
Further details on exams and grades announced
Further details on arrangements for exams which have been cancelled to fight spread of coronavirus has been produced by the Department for Education.
Providing proof of coronavirus absence from work
People unable to work for more than seven days because of coronavirus (COVID-19) can obtain an isolation note through a new online service.
Guidance posters for staff, employers and businesses
Public Health England have produced guidance posters that should be downloaded, printed and displayed in the workplace:
For general export control queries please contact ECJU’s Helpline on 020 7215 4594 or email@example.com.
Coronavirus (COVID-19) guidance for the charity sector
The Charity Commission have produced guidance to help running charities during the outbreak.
Coronavirus (COVID-19): scientific evidence supporting the UK government response
The Government Office for Science has published new information on the national and global response to the spread of COVID-19 continues to develop quickly and our collective knowledge of the virus is growing by the second. You can find that information here.
Request for Business Intelligence
The Government is closely monitoring developments in relation to potential economic impacts on the UK economy and individual businesses and supply chain. We welcome information from businesses on:
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