COVID-19
Knowledgebase

Duncan & Toplis is here to help and support you through the ongoing challenges presented by the coronavirus pandemic. Whilst this is an anxious time for many, it’s important to know that there is help available.

We are summarising the measures, including eligibility requirements, as they are announced and all details can be found here in our COVID-19 Knowledgebase.

Coronavirus: General support for businesses

Updated 08.04.20: When Prime Minister, Boris Johnson announced the start of the UK’s lockdown to contain the spread of coronavirus on 23 March, he said that the restrictions would be reviewed three weeks from that date.

With Mr Johnson now having spent a second night in intensive care, it has been suggested yesterday that the anticipated review will now be delayed. This would mean that any decisions about extending, deepening or lifting the restrictions will no longer be announced on Easter Monday.

Asked when the measures might be lifted, health minister Edward Argar told BBC Breakfast that the scientific evidence “isn’t yet there to allow us to make a decision.” Adding, “we have to be over that peak before we can think about making changes… it’s too early to say when we will reach that peak.”

While this peak may be yet to come, there are some early signs that the restrictions are making an impact, with the number of newly confirmed cases appearing to flatline. However, this should be interpreted with caution as the number of tests being carried out in the UK has been subject to criticism throughout the pandemic. For now, it would be prudent for businesses to expect the restrictions to remain in place for the near future and plan accordingly.

Yesterday, the Government published information on additional funding being offered to schools to help cover costs related to coronavirus, covering the period up to the end of the 2019/20 summer term. It has previously been confirmed that schools, including academies, will continue to receive their core funding as usual in addition to top-ups and high needs funding through local authorities. The new guidance sets out details for the support in place for schools facing additional costs as a result of the virus with information on eligibility and funding limits. Further guidance on the process for schools to claim this funding will be published in June.

Globally, coronavirus continues to spread, with more than 10,000 people now having died with the virus in France and the US has experienced its largest number of recorded deaths in a single day. Meanwhile, travel restrictions have now been lifted in Wuhan in China where the outbreak began. Last month, Wuhan reported its first full week with no new cases of coronavirus and now, some of its 11 million residents are free to travel out of the city.

You will undoubtedly have many questions at this stage and we’re standing by to help you as much as we can. We will update our guidance as we become aware of more details. For detailed analysis and advice, visit our COVID-19 Knowledgebase and contact our team of expert business advisers for more information and support.

Please note, the information below is correct as of Wednesday 08 April 2020 but may be subject to change. For the latest guidance and professional advice, please contact us or speak to your dedicated Duncan & Toplis adviser. 

 

↓ Please use this menu to navigate through our updates.

  • Introduction

    The UK Government has responded to the virus with a series of measures which are designed to support and sustain businesses and their employees through this difficult time and more support is expected in the coming days and weeks.

    We’ve pulled together a summary of the measures and details that have been announced so far, including eligibility, which we hope is helpful.

    You can find our full, regularly updated list of measures to support businesses throughout the coronavirus pandemic here.

    Please note, the following information is correct as of Monday 06 April 2020 but may be subject to change and some elements of business support are devolved and therefore support may differ in Scotland, Northern Ireland and Wales.

  • Academy funding

    Exceptional costs relating to COVID-19 for the period March-July 2020:

    Additional funding is available to cover exceptional costs incurred due to coronavirus.

    • Funding will be available for all academy schools and funding will be available to cover specific costs.
    • The system for application is expected to be simple.

    For further details, please visit the Government website here.

  • Companies House filing

    • Businesses affected by the pandemic can now apply to Companies House to request an extension to file their accounts, reports and confirmation statements.
    • The rules surrounding the application process for accounts submission have been relaxed as of 25 March.
    • Businesses will be given an additional 3 months to file accounts with Companies House to avoid penalties as they deal with the impact of COVID-19.
    • Companies will have to apply for the 3-month extension to be granted, but those citing issues around COVID-19 will be automatically and immediately granted an extension.
    • Application can be made through a fast-tracked online system which will take just 15 minutes to complete.
    • If you do not apply a filing penalty will be issued.
    • The fast-track application process can be found on Companies House website here.

    If you need help to complete this form please let your contact at Duncan & Toplis know. We are here to help.

    Delay in publishing annual accounts for listed entities:

    This temporary relief will permit listed companies which need the extra time to complete their audited financial statements an additional two months in which publish them.

    Please note that some elements of business support are devolved and therefore support may differ in Scotland, Northern Ireland and Wales.

  • Coronavirus Business Interruption Loan Scheme (CBILS)

    • A new temporary Coronavirus Business Interruption Loan Scheme, delivered by the British Business Bank through the main/secondary banks, launched on 23 March to support 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, as Government will cover the first 12 months of interest payments.
    • The scheme will take the place of the Enterprise Finance Guarantee (EFG). A range of options will be available through CBILS including business loans and asset finance (terms up to 6 years) overdrafts and invoice finance and revolving facilities (terms up to 3 years).
    • From experience, there will be a process to follow and businesses need to be ready to make early applications.
    • There will be an underwriting process, so businesses should ensure that their financial information is as up to date as possible.
    • It is key that businesses are finance ready, by preparing in detail for application.
    • The following is an example of the information/questions requested by a bank to process an application. Of course, Duncan & Toplis are here to help you with your application:
    • Full Background of the business and the level of impact the coronavirus is having on the performance of your business.
    • The measures being taken by you to ensure there’s adequate cash flow in the business. What contingencies have been put in place with suppliers etc.?
    • What is the business doing to manage expenditure?
    • What additional funding you may require and for how long.
    • Term/structure required (number of months payment holiday required, is it a full holiday or reduced payments. For example, 50%, do you wish to extend the agreement by the number of payments in the holiday or spread over the remainder of the agreement?
    • Other HP or lenders’ positions. Are we the only funder? If not have you approached the other funders and what has been agreed?
    • What other funding options do you have in place? i.e. overdraft options? Formal HP lines
    • Please can you make available; Latest year end accounts, management information, forecasts and a clear understanding of ongoing fixed costs.
    • Dependent upon the bank and your circumstances, you may be asked for more or less information to support your application.
      This may include; up to three years of full financial statements with a detailed profit and loss account, up to six months of business and personal bank statements, aged debtor and creditor lists, complete debt structure and statement of personal assets, liabilities, income and expenditure.

    It is understood that, at the discretion of the lender, the scheme may be used for unsecured lending for facilities of £250,000 and under. For facilities above £250,000, the scheme requires the lender to establish a lack or absence of security prior to businesses using CBILS.

    Eligibility – Your business must be UK based. CBILS is aimed at smaller UK business. Therefore, it is limited to companies with an annual turnover not exceeding £45m and those without adequate security to obtain funding from the lender under ordinary circumstances and must meet the other British Business Bank eligibility criteria.

    How to access – The full rules of the Scheme and the list of accredited lenders is available here.

    • All the major banks will offer the Scheme once it has been launched. There are 40 accredited providers in total. You should talk to your bank or finance provider (not the British Business Bank) as soon as possible and discuss your business plan with them. This will help your finance provider to act quickly once the Scheme has launched. If you have an existing loan with monthly repayments, you may want to ask for a repayment holiday to help with cash flow.
    • You should also consider going to market with applications for CBILS. Please contact us to see how we can help with this.

    On 03 April, the Chancellor announced new meaures to ensure that banks start to deliver the much-needed funding to businesses. The changes include:

    • Applicants will no longer be limited to businesses that have been refused a loan on commercial terms.
    • Larger firms will now be eligible – up to £500m turnover, with loans of up to £25m for businesses with turnover between £45m and £500m.
    • Banks will be banned from asking company owners for personal guarantees when borrowing up to £250,000.

    Please note that some elements of business support are devolved and therefore support may differ in Scotland, Northern Ireland and Wales.

  • Coronavirus Job Retention Scheme

    • Under the Coronavirus Job Retention Scheme, all UK employers with a PAYE scheme 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.
    • This applies to all employees who have been asked to stop working, but who are being kept on the payroll, otherwise described as ‘furloughed workers’. HMRC will reimburse 80% of their wages, up to £2,500 per month. This is to safeguard workers from being made redundant.
    • The scheme will cover the cost of wages backdated to 1 March and is initially open for three months, but if needed, will be extended.

    Eligibility – all UK businesses are eligible.
    How to access – There are some steps you will need to follow. Firstly, to designate affected employees as ‘furloughed workers,’ and notify your employees of the change – changing the status of employees remains subject to existing employment law and, depending on the employment contract, may be subject to negotiation.

    • You will need to submit information to HMRC about the employees that have been furloughed and their earnings through a new online portal (HMRC will set out further details on the information required).
    • HMRC will reimburse 80% of furloughed workers wage costs, up to a cap of £2,500 per month. HMRC are working urgently to set up a system for reimbursement. Existing systems are not set up to facilitate payments to employers.
    • The CBILS scheme (see below) may be useful to cover short-term cash flow gaps until you access the job retention scheme.
    • Our current understanding is that directors may be able to use this scheme, but this will not cover dividend payments.
    • It has been announced that public sector contractors have been given access to the 80% furlough scheme.
    • It has also been confirmed that dentists can untilise the furlough scheme for the private proportion of their practice.

    Duncan & Toplis are fully utilising their internal Human Resource expertise to provide further support. Please let us know if you have specific queries. We are here to help.
    Please see our Coronavirus Job Retention Scheme guidance covering the job retention scheme.

    Please note that some elements of business support are devolved and therefore support may differ in Scotland, Northern Ireland and Wales.

  • Coronavirus Large Business Interruption Loan Scheme (CLBILS)

    • This will provide a Government guarantee of 80% to enable banks to make loans of up to £25m to firms with an annual turnover of between £45m and £500m.
    • Facilities backed by a guarantee under CLBILS will be offered at commercial rates of interest.
    • This scheme allows lenders to specifically support businesses that were viable before the COVID-19 outbreak but now face significant cash flow difficulties.

    Eligibility – All UK businesses are eligible.

    • Your business must be based in the UK.
    • It must have annual turnover between £45m and £500m.
    • It must be unable to secure regular commercial financing.
    • Certain types of entity are excluded from the scheme.

    How to apply – The scheme will launch later this month.

  • COVID-19 Corporate Financing Facility for larger firms

    • Under the new Covid-19 Corporate Financing Facility, the Bank of England will buy short term debt from larger companies.
    • This will support your company if it has been affected by a short-term funding squeeze and allow you to finance your short-term liabilities.
    • It will also support corporate finance markets overall and ease the supply of credit to all firms.

    Eligibility – All UK businesses are eligible.
    How to access – The scheme is now open for applications here.
    More information is available from the Bank of England here.

    Please note that some elements of business support are devolved and therefore support may differ in Scotland, Northern Ireland and Wales.

  • COVID-19 Miscellaneous

    Key Workers:
    • It has been confirmed that food processing worker WILL be classed as key workers. Therefore, their children will be eligible for childcare.
    • It is also understood that only one parent of a child needs to be a key worker for that child to still be able to receive child care.

    Full Government guidance can be found here.

    Enforced closure of businesses and other venues:
    • Businesses who do not follow COVID-19 restrictions will be issued with prohibition notices.
    • Businesses who fail to comply will receive fines and could also face the loss of their alcohol license.
    • There will be no upper limit to the fines of businesses who continue to ignore restrictions.
    • Local Government will be responsible for enforcing regulations requiring those businesses to close on 20 March 2020.
    • Environmental Health and Trading Standards officers, with support from the police if appropriate will work together to issues prohibition notices where restrictions are not followed.

    The full guidance is available here.

    Increase to working tax credits:

    As part of the Government’s support package during the COVID-19 pandemic, the basic element of Working Tax Credit has been increased by £1,045 to £3,040 from 6 April 2020 until 5 April 2021.
    This could mean an extra £20 each week, dependent on circumstances.
    >No action is required, you will receive any increased payments automatically.

    Extension of Business Improvement Districts (BIDs) arrangements:
    • BIDs will be able to extend the maximum duration of their BID arrangements until 31 March 2021 by delaying BID ballots.
    • This enables them to focus on the response to the current emergency.
    Six-month emergency MOT extension:
    • The Government has granted car, motorcycle and van owners a six-month exemption from MOT testing.
    • However, please note that this will only come into effect from Monday 30 March, meaning that vehicles due an MOT before then must still take it.
    • Drivers will still be liable if they are found driver a vehicle that is not road worthy.
    Construction work can continue:
    • On 31 March Alok Sharma, BEIS Secretary of State wrote to the construction industry stating that they can continue to travel to work, consistent with the advice of the Chief Medical Officer.
    • Site Operating Procedures (SOPs) have been developed by the Construction Leadership Council that align with the latest guidance from Public Health England.
    HMRC related phishing emails:
    • Email, SMS, tax refund and rebate, bogus phone calls, WhatsApp messages, social media scams and refund companies are all highlighted as methods used by unscrupulous fraudsters at this time.
    • For full details, please follow this link.
    • Please report any such attempts against you to phishing@hmrc.gov.uk and delete the message.



    Please note that some elements of business support are devolved and therefore support may differ in Scotland, Northern Ireland and Wales.

  • Extra protection for businesses with commercial tenants who miss rent payments

    • Commercial tenants who cannot pay their rent because of coronavirus will be protected from eviction.
    • These measures will mean no business will automatically forfeit their lease and be forced out of their premises if they miss a payment up until 30 June. This may be extended by the Government.
    • This is not a rental holiday and tenants will still be liable for the rent.
    • All commercial tenants in England, Wales and Northern Ireland are eligible.

    No application is required, this will come into force when the Coronavirus Bill received Royal assent.

    Please note that some elements of business support are devolved and therefore support may differ in Scotland, Northern Ireland and Wales.

  • Insurance, mortgages and other

    Insurance:
    • Businesses that have cover for both pandemics and Government-ordered closure should be covered, as the Government and insurance industry confirmed on 17 March 2020 that advice to avoid pubs, theatres etc is sufficient to make a claim.
    • Insurance policies differ significantly, so businesses are encouraged to check the terms and conditions of their specific policy and contact their providers. Most businesses are unlikely to be covered, as standard business interruption insurance policies are dependent on damage to property and will exclude pandemics.
    • On 24 March the Government released further details relating to insurance claims covering notifiable disease policies, unspecified notifiable disease policies, government ordered closures and event coverage.
    Mortgages:

    Mortgage lenders will offer at least a three-month mortgage holiday for those borrowers in difficulty due to COVID-19

    Gender Pay Gap reporting:

    Enforcement of the gender pay gap reporting deadlines suspended for this year.

    Insolvency Law amendments:
    • This will also include enabling companies to continue buying much-needed supplies, such as energy, raw materials or broadband, while attempting a rescue.
    • Also, to temporarily suspended wrongful trading provisions retrospectively from 1 March 2020 for three months for company directors so they can keep their businesses going without the threat of personal liability.

    However, directors must be careful, all of the other statutory requirements of directors remain in place.

    Introducing legislation to ensure those companies required by law to hold Annual General Meetings (AGMs) will be able to do so safely:

    Companies will temporarily be extended greater flexibilities, including holding AGMs online or postponing the meetings.

    Dividend policy:
    • Given the current crisis, Directors are being urged to look again at their dividend policy.
    • Is the policy still fit for purpose?
    • For any proposed dividend, how has the solvency of the company been assessed, including any potential impact of COVID-19?
    • Section 172 of the Companies Act contains the duty to “promote the success of the company for the benefit of its members as a whole.” How does the dividend policy align with this requirement?
    • How can directors protect themselves from any suggestion that decisions to pay dividends were not influenced by the need of the director/shareholder for income, as opposed to the needs of the company, especially where the facts point to such a conclusion?
    • Should directors consider paying owner/directors on PAYE, rather than through dividends?

    Please note that some elements of business support are devolved and therefore support may differ in Scotland, Northern Ireland and Wales.

  • Medical supplies, equipment and protective garments

    Regulations temporarily suspended to fast-track supplies of PPE to NHS workers:
    • To help get personal protective equipment (PPE) and hand sanitiser to NHS workers as quickly as possible, Business Secretary Alok Sharma is easing administrative requirements and barriers to imports of these essential tools, without compromising on their safety.
    • This includes asking the Health and Safety Executive (HSE) and Local Authorities to fast-track PPE through the product safety assessment process and prioritise this activity over other market surveillance activity.
    • Also, allowing PPE equipment providing protection against COVID-19 which lack the CE mark onto the market provided products meet essential safety requirements.
    • Also, providing new guidance for local authorities and ports and borders enforcement officers on the import and safety testing of hand sanitiser.
    No import duty and VAT on medical supplies, equipment and protective garments:

    HM Revenue & Customs (HMRC) has published guidance to say that no import duty and VAT will be payable on medical supplies, equipment and protective garments from now until 31 July 2020.

    More information on this is available on HMRC’s website here.

    Please note that some elements of business support are devolved and therefore support may differ in Scotland, Northern Ireland and Wales.

  • Rules on carrying over annual leave to be relaxed

    • Workers who have not taken all of their statutory annual leave entitlement due to COVID-19 will now be able to carry it over into the next two leave years.
    • Government to amend regulations to allow annual leave to be carried over into the next two years.
    • Measures will ensure workers won’t lose their leave entitlements.
    • Move gives flexibility to business at a time when it is needed most.
    • The regulations will allow up to four weeks of unused leave to be carried into the next two leave years, easing the requirements on business to ensure that workers take statutory amount of annual leave in any one year.
    • This will mean staff can continue working in the national effort against the coronavirus without losing out on annual leave entitlement.
    • The changes will also ensure all employers affected by COVID-19 have the flexibility to allow workers to carry over leave at a time when granting annual leave could leave them short-staffed in some of Britain’s key industries, such as food and healthcare.
    • The changes will amend the Working Time Regulations, which apply to almost all workers, including agency workers, those who work irregular hours, and workers on zero-hours contracts.

    The change is aimed at allowing businesses under particular pressure from the impacts of COVID-19 the flexibility to better manage their workforce, while protecting workers’ right to paid holiday.

    Please note that some elements of business support are devolved and therefore support may differ in Scotland, Northern Ireland and Wales.

  • Self-employment Income Support Scheme

    • The Self-employment Income Support Scheme (SEISS) will support self-employed individuals (including members of partnerships) who have lost income due to coronavirus (COVID-19).
    • This scheme will allow you to claim a taxable grant worth 80% of your trading profits up to a maximum of £2,500 per month for the next 3 months. This may be extended if needed.
    • Detail for claiming a grant through this scheme can be found here.

    Who is eligible – You can apply if you’re a self-employed individual or a member of a partnership and you:

    • Have submitted your Income Tax Self-Assessment tax return for the tax year 2018-19.
    • Traded in the tax year 2019-20.
    • Are trading when you apply or would be except for COVID-19.
    • Intend to continue to trade in the tax year 2020-21.
    • Have lost trading/partnership trading profits due to COVID-19.
    • Your self-employed trading profits must also be less than £50,000 and more than half of your income come from self-employment.

    This is determined by at least one of the following conditions being true:

    • Having trading profits/partnership trading profits in 2018-19 of less than £50,000 and these profits constitute more than half of your total taxable income
    • Having average trading profits in 2016-17, 2017-18, and 2018-19 of less than £50,000 and these profits constitute more than half of your average taxable income in the same period.
    • If you started trading between 2016-19, HMRC will only use those years for which you filed a Self-Assessment tax return.
    • If you have not submitted your income tax Self-Assessment tax return for the tax year 2018-19, you must do this by 23 April 2020.

    How much will you get – You will get a taxable grant which will be 80% of the average profits from the tax years 16-17, 17-18 & 18-19.

    • It will be a maximum of £2,500 per month for three months. This will be paid as a grant directly into your bank account, I one instalment.

    How to apply – The scheme is not yet open for applications. HMRC will contact you if you are eligible and invite you to apply online.
    If you’re a director of your own company and paid through PAYE you may be able to get support through the job retention scheme (see above).

    Please note that some elements of business support are devolved and therefore support may differ in Scotland, Northern Ireland and Wales.

  • Support for businesses and individuals paying tax

    Support for businesses paying tax:
    • All businesses and self-employed people in financial distress and with outstanding tax liabilities, may be eligible to receive support with their tax affairs through HM Revenue & Cusoms’ (HMRC) Time To Pay service.
    • These arrangements are agreed on a case-by-case basis and are tailored to individual circumstances and liabilities. This is normally only available to those in significant financial distress.
    • There is currently no confirmation from HMRC or Government that tax filing deadlines will be relaxed. Business should try to meet tax compliance obligations to avoid penalties being assessed by HMRC.
    • HMRC may be open to deferral of month 11 (March 2020) PAYE payments for 2 months, subject to specific agreement with HMRC.
    • We have already had several success stories of Duncan & Toplis clients being able to defer tax payments. HMRC are supporting this.

    Eligibility – You are eligible if you pay tax to the UK Government and have outstanding tax liabilities.

    How to access – If you have missed a tax payment or you might miss your next payment due to COVID-19, please call HMRC’s dedicated helpline: 0800 0241222.

    If you’re worried about a future payment, please call HMRC nearer the time.

    Support for businesses through deferring VAT and Income Tax Payments:
    • The Government will support businesses by deferring Valued Added Tax (VAT) payments for three months.
    • Income Tax payments due in July 2020 under the Self-Assessment system will be deferred to January 2021.

    VAT – For VAT, the deferral will apply from 20 March 2020 until 30 June 2020.

    VAT Eligibility – All UK businesses are eligible.

    VAT How to access – 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 to 2021 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.

    • It is understood that VAT returns are still expected to be submitted on time.
    • If you still wish to make your payment, you can do.
    • If you normally pay by direct debit you should immediately cancel, unless you want to pay so that HMRC do no attempt to automatically collect on receipt of your return.

    Income tax – For Income Tax Self-Assessment, payments due on the 31 July 2020 will be deferred until the 31 January 2021.

    Eligibility – If you are due to pay your second self-assessment payment on account on 31 July. You do not need to be self-employed to be eligible.

    How to access – This is an automatic offer with no applications required. No penalties or interest for late payment will be charged in the deferral period.

    • Please also see below for the scaled-up Time to Pay Offer from HMRC.

    Duncan & Toplis are here to help with communication with HMRC.

    If you have a direct debit in place for either of the above, you must cancel to ensure that payment is not taken. HMRC have confirmed that payment will be taken if an active DD is still in place.

    HMRC have extended MTD ‘digital links’ deadline until 2021:
    • MTD for VAT businesses now have until 1 April 2021 to meet the requirement to have ‘digital links’ within their recordkeeping.
    • The previous deadline was either 1 April 2020 or 1 October 2020, dependent upon their original MTD start date.
    IR35 Delay:

    The Government is delaying the new private sector IR35 regime until 1 April 2021.

    Please note that some elements of business support are devolved and therefore support may differ in Scotland, Northern Ireland and Wales.

  • Support for businesses in the retail, hospitality and leisure industry

    Support for retail, hospitality and leisure businesses who pay business rates:
    • A business rates retail holiday has been introduced for retail, hospitality and leisure businesses in England for the 2020 to 2021 tax year.
    • Businesses that received the retail discount in the 2019 to 2020 tax year will be rebilled by their local authority as soon as possible.
    • Eligibility – Your business must be based in England and your business must be in the retail, hospitality and/or leisure sector. Specifically, your property must be wholly or main being used as shops, restaurants, cafes, drinking establishments, cinemas and live music venues, for assembly and leisure or as hotels, guest & boarding premises and self-catering accommodation. Bingo halls have now been included.
    • How to access – There is no action for you. This will apply to your next council tax bill in April 2020. However, local authorities may have to reissue your bill automatically to exclude the business rate charge. They will do this as soon as possible.
    • An estimate of the charge you will no longer have to pay can be found here.
    • Guidance for local authorities on the business rates holiday has been published. If interested it can be found here.

    Any enquiries on eligibility for, or provision of, the reliefs and grants (see below) should be directed to the relevant local authority.

    Cash grants for retail, hospitality and leisure businesses:
    • The Retail and Hospitality Grant Scheme provides businesses in the retail, hospitality and leisure sectors with a cash grant of up to £25,000 per property.
    • For businesses in these sectors with a rateable value of under £15,000, they will receive a grant of £10,000.
    • For businesses in these sectors with a rateable value of between £15,001 and £51,000, they will receive a grant of £25,000.
    • Please ensure that your local authority has the required details to make payments to you. If not, we are seeing that local authorities are issuing forms to provide this information to ensure that swift payments are made.

    Eligibility – businesses are eligible if your business is based in England and is in the retail, hospitality and/or leisure sector.

    • This includes property that are wholly or mainly used as shops, restaurants, cafes, drinking establishments, cinemas and live music venues. Those being used as hotels and boarding premises and self-catering accommodation.
    • Businesses which are not ratepayers in the business rates system are not included in this scheme.

    How to access – You do not need to do anything, other than ensuring your local authority has the information required to make payment to you.

    • If the cash flow need is urgent, it would be advisable to contact your bank to see if a short-term arrangement can be reached until the funding is received.
    • Detailed guidance aimed at local authorities has now been issued by the Government (last updated on 30 March) and can be found here
    • Detailed guidance aimed at businesses can be found here

    On 1 April the Government announced that grants had started to be paid into the bank accounts of high street businesses.

    Please note that some elements of business support are devolved and therefore support may differ in Scotland, Northern Ireland and Wales.

  • Support for businesses paying sick pay to employees

    • Legislation has been brought forward to allow small and medium-sized businesses and employers to reclaim Statutory Sick Pay (SSP) paid for sickness absence due to COVID-19.
    • This refund will cover up to two weeks’ SSP per eligible employee who has been off work because of COVID-19.
    • Employers with fewer than 250 employees will be eligible – the size of an employer will be determined by the number of people they employed as of 28 February 2020.
    • Employers will be able to reclaim expenditure for any employee who has claimed SSP (according to the new eligibility criteria) as a result of COVID-19.
    • Employers should maintain records of staff absences and payments of SSP, but employees will not need to provide a GP fit note.
    • If evidence is required by an employer, those with symptoms of coronavirus can get an isolation note from NHS 111 online and those who live with someone that has symptoms can get a note from the NHS website.
    • Eligible period for the scheme will commence the day after the regulations on the extension of Statutory Sick Pay to those staying at home comes into force.
    • The reimbursement of SSP is expected to be net of tax. Business will therefore still pay the tax cost of paying statutory sick pay.

    Eligibility – Your business must be UK based and your business is small or medium-sized and employs fewer than 250 employees as of 28 February 2020.

    How to access – The Government is developing a rebate scheme. Further details will be provided in due course once the legislation has passed.

    Please note that some elements of business support are devolved and therefore support may differ in Scotland, Northern Ireland and Wales.

  • Support for businesses that pay little or no business rates

    • The Government will provide additional funding for local authorities to support small businesses that already pay little or no business rates because of small business rate relief (SBRR). This will provide a one-off grant of £10,000 to businesses currently eligible for SBRR or rural rate relief, to help meet their ongoing business costs.
    • If your business is eligible for SBRR or rural rate relief, you will be contacted by your local authority – you do not need to apply.
    • Businesses which are not ratepayers in the business rates system are not included in this scheme.

    You do not need to do anything, other than to ensure that the local authority has the information required to make payments to you. Funding for the scheme will be provided to local authorities by Government in early April. Guidance for local authorities on the scheme will be provided shortly.

    Please note that some elements of business support are devolved and therefore support may differ in Scotland, Northern Ireland and Wales.

  • Support for nursery businesses that pay business rates

    There will be a business rates holiday for nurseries in England for the 2020 to 2021 tax year.
    Eligibility – the property must be based in England.
    This includes businesses on the Ofsted early Years Register and used wholly or mainly for the provision of the Early Years Foundation Stage.
    How to access – No action is required. This will apply to your next council tax bill in April 2020.

    Please note that some elements of business support are devolved and therefore support may differ in Scotland, Northern Ireland and Wales.

  • Support for those ineligible for Statutory Sick Pay (SSP)

    • New style’ Employment and Support Allowance will be payable for people directly affected by COVID-19 or self-isolating according to Government advice for from the first day of sickness, rather than the eighth day.
    • People will be able to claim Universal Credit and access advance payments where they are directly affected by COVID-19 (or self-isolating), without the current requirement to attend a jobcentre.

    For the duration of the outbreak, the requirements of the minimum income floor in Universal Credit will be temporarily relaxed for those directly affected by COVID-19 or self-isolating according to Government advice for duration of the outbreak, ensuring self‑employed claimants will be compensated for losses in income.

    Please note that some elements of business support are devolved and therefore support may differ in Scotland, Northern Ireland and Wales.

  • Support for destination management organisations

    The Tourism Minister launches £1.3m fund to support destination management organisations.

    • The funding will provide immediate financial support to destination management organisations (DMOs) who are at severe risk of closure due to the pandemic.
    • The funding is available to any DMO which usually receives at least 50% of its income from commercial sources.
    • Further details can be found here.

For a full and regularly updated list of the support that’s been announced for businesses affected by coronavirus, click here.

As we have for the last 95 years, Duncan & Toplis is here to help businesses overcome whatever challenges they face. If you’d like to inquire about our services and find out how we can help you, get in touch.


 

↓ Please use this menu to navigate through our previous updates.

  • Update: Tuesday, 07 April

    Despite the data showing promising signs that the lockdown is starting to work, we received the concerning news that Boris Johnson is in intensive care due to coronavirus. Our thoughts are with him and his family at this time, wishing him a speedy recovery.
    Presently, there are now 51,608 confirmed cases of COVID-19 in the UK, with 275 cases in Lincolnshire, 629 in Nottinghamshire and 549 cases in Leicestershire. Nationally, 5,373 people have now died in hospital with the illness.
    Fortunately, some countries which have been seriously affected by coronavirus are now reporting significant reductions in the number of deaths and new cases, with no new deaths recorded in China yesterday and with just 32 new cases in the country.
    HM Revenue & Customs (HMRC) continues to work hard, setting up the schemes to ensure that funding reaches those that it is intended for. Despite the changes in the funding rules for the Coronavirus Business Interruption Loan Scheme (CBILS), some businesses are still struggling to access the funds. If your main bank denies access to funds, you may consider going to market to secure the money you need.  Our Finance Support Team is on hand to help you to access the finance you need.
    As more support and funding becomes available, so will the options available to you. Duncan & Toplis is here to help you choose the right path for your business. We’re here to support your communication with HMRC to claim the funding available to support your employees and to prepare the information required to make loan and grant applications. We’re working hard to help our clients to succeed against these difficult circumstances and we’re also ensuring our clients are in the best possible position to capitalise from the anticipated boom following the eventual reduction in restrictions.

  • Update: Monday, 06 April

    Today marks a fortnight since the lockdown measures were introduced in the UK. Unfortunately, the number of deaths is continuing to rise, but there are signs that the rate of infection is starting to slow.

    Speaking at the weekend, the Health Secretary, Matt Hancock warned that restrictions may have to become even tighter if people continue to flout the rules and said he could not predict when the restrictions would be lifted.

    Yesterday evening, the Queen gave a rare address to the nation, thanking people for following the social distancing rules and praising those “coming together to help others”. She told the country “we will overcome this” and said “better days will return… we will meet again.”

    Meanwhile, further details of what has been called the Coronavirus Large Business Interruption Loan Scheme (CLBILS) have been released. This provides further financing support to businesses with a turnover between £45m and £500m in a similar way to the support offered to smaller businesses (CBILS) previously. The rules on the CBILS scheme have also been adjusted, helping to overcome issues which prevented banks from allowing some businesses to access the Government-backed loans.

  • Update: Friday, 03 April

    Today, we’ve heard the sobering news that more than a million people have contracted coronavirus around the world, and almost 3,000 people have now died with the illness in the UK. 

    Yesterday, the Health Secretary, Matt Hancock, announced further funding pledges for the NHS. They included £300m for community pharmacies and the writing-off of billions of pounds of historic NHS debt.

    In an extended press conference from Downing Street he also announced a “five-pillar” testing approach. After mounting criticism over the way the Government has handled testing, Mr Hancock said the Government aims to carry out 100,000 tests each day by the end of April (presently, there are around 10,000 tests being carried out per day), but this would depend on the availability of the kits and chemicals required. 

    Central to the Government’s plans to eventually allow restrictions to be lifted is the introduction of an antibody test which can see whether a person has already had the virus and should therefore be immune to it. As yet, however, there are no guarantees that these antibody tests will work, with Mr Hancock admitting that there have been problems with the accuracy of some tests. 

    One of the first support packages to have been made available to businesses affected by COVID-19 was the Coronavirus Business Interruption Loan Scheme (CBILS). After it emerged that many of the Government’s ‘approved lenders’ were refusing to give businesses the support they requested, sometimes requiring personal guarantees or refusing to lend at the lower rate, the Government has made changes to the scheme. 

    Now, lenders are “banned” from requesting personal guarantees on loans under £250,000 with a change in the eligibility criteria. Originally, the scheme was open to viable businesses that could not access finance on normal commercial terms. Now, “all viable businesses affected by COVID-19” will be eligible and banks will no longer be expected to use their “normal lending criteria” which often included a personal guarantee. 

    The Treasury claims that so far, more than £90m of loans have been approved for nearly 1,000 SMEs, but The Guardian reports that this pales in comparison to the number of inquiries which stand at more than 130,000. 

    Another important change is the announcement of a scheme that’s similar CBILS for larger companies. The new Coronavirus Large Business Interruption Loan Scheme (CLBILS) will offer loans of up to £25m to firms with an annual turnover of between £45m and £500m, which come with a Government guarantee of 80%. 

    Once more official guidance is given on these changes, we will update the information in our COVID-19 Knowledgebase, helping you to access the latest, reliable information on the support available to you and your business. 

    In other finance news, the FCA (Financial Conduct Authority) is consulting on a three month loan and credit card payment freeze. Proposals include firms offering a temporary freeze on loans, credit cards, store cards and catalogue credit for customers facing issues due to the coronavirus. 

  • Update: Thursday, 02 April

    The availability of short-term cash flow support is absolutely vital for the survival of many businesses. This is especially true given the complexity of the new systems required for government support to reach those that desperately need it.

    The government has provided this support through the Coronavirus Business Interruption Loan Scheme (CBILS). However, there have been reports from small businesses claiming that some of the leading banks among the Government’s ‘approved lenders’ have been refusing loans under the scheme, with some lending at interest rates well above the 0.1% base rate.

    This is clearly a major problem and it comes as research from the BBC has suggested that up to 1 million businesses could be forced to close because they can no longer cover their costs.

    To address this, the Secretary of State for Business, Energy and Industrial Strategy, Alok Sharma gave a warning to banks, which recalled the support they received from the taxpayer following the 2008 financial crisis:

    “The chancellor, together with the Bank of England and Financial Conduct Authority, wrote to the chief executives of the UK banks to urge them to make sure that the benefits of the loan scheme are passed through to businesses and consumers. And it would be completely unacceptable if any banks were unfairly refusing funds to good businesses in financial difficulty. Just as the taxpayer stepped in to help the banks back in 2008, we will work with the banks to do everything they can to repay that favour and support the businesses and people of the United Kingdom in their time of need.”

    The message is clear and hopefully CBILS cash will begin to flow to those that it is intended for.

    Thankfully, rates-related grants have already started to be paid across to business. As of 1 April, over £12bn has already been transferred to local authorities. In Lincoln, 455 grants worth more than £5m are now being given to small businesses and more is expected to be awarded soon.

    Speaking at the Downing Street conference last night, Alok Sharma noted that more support was expected to be announced by the chancellor in the coming days. This is expected to cover the “stranded-middle”, businesses that cannot access CBILS (which is limited to businesses with turnover below £45m) but are not large enough to have an investment rating.

    As more support and funding becomes available, so will the options available to you. Duncan & Toplis is here to help you choose the right path for your business. We’re here to support your communication with HMRC to claim the funding available to support your employees and to prepare the information required to make loan and grant applications.

    In other news, CBI economists are predicting that the economy will recover rapidly at the end of this crisis. Unlike the slow recovery seen following the last financial crash, they are expecting a speedy recovery following the sudden drop experienced recently. This “V-shaped” recovery will create a number of “good problems”, but it is dependent on several factors:

    Firstly, health; the quicker we can get the spread of the virus under control, the quicker we can return to normality.

    Secondly, it depends on how people will people react when restrictions are lifted; will people cautiously start venturing out, or will the high-street, pubs and restaurants be busier than ever?

    To help businesses capitalise on this, we are working to ensure that our clients are in the best possible position ahead of the anticipated boom.

    On a final positive note, this crisis may well change the way we approach work moving forwards, towards a greener, more sustainable model. The lockdown has introduced millions of people to remote working and flexible working. While this was something only a minority of workers had explored previously, it’s possible this will lead to a long term cultural shift in working conditions and expectations.

    You will have many questions at this stage and we’re standing by to help you as much as we can. We will update our guidance as we become aware of more details and you can contact our team of expert business advisers for more information and support.

    You will all have many questions at this stage. We will update our guidance as we become aware of more details.

  • Update: Wednesday, 01 April

    Tragically, many more deaths have been announced as a result of coronavirus both here and around the world but there is reason to hope that social distancing is helping to slow the rate of infection. New cases in the UK are thought to be growing at a slower rate than feared, but there are now 25,150 confirmed cases with many more unconfirmed.

    Testing seems to be the key, with the ongoing development of an antibody test to identify those who have had the virus and are now immune to it, however, there is growing concern and criticism over a lack of testing of front-line NHS workers along with a shortage of available PPE (personal protective equipment).

    More details are being released by the Government regarding its various support packages and businesses across the country are now making use of these. More information is expected on a daily basis and it’s likely that more support will be made available if it is required in future. With several means of support, the Chancellor’s message that the Government will support businesses and businesses should support their employees rings true.

    As more support and funding becomes available, so will the options available to you. Duncan & Toplis is here to help you choose the right path for your business. We’re here to support your communication with HMRC to claim the funding available to support your employees and to prepare the information required to make loan applications. We are here to ensure that you and your business are in the best possible position to capitalise from the anticipated boom following the eventual reduction in restrictions.

    You will all have many questions at this stage. We will update our guidance as we become aware of more details.

  • Update: Tuesday, 31 March

    Although we aren’t expected to see the number of new cases of coronavirus reduce for another few weeks, yesterday, the UK’s chief scientific adviser Sir Patrick Vallance said that social distancing measures are “making a difference”.

    It appears from hospital admissions data that cases are not rising as fast as feared and it’s claimed that social distancing is reducing transmission in the community, potentially meaning fewer infections.

    Hopefully this means that efforts to “flatten the curve” are working, but it’s by no means clear how long the restrictions on our daily lives will last. The lockdown is due to be “reviewed” in a fortnight, but it’s anticipated that restrictions will remain in place for much longer.

    Speaking at the daily press conference at Downing Street, foreign secretary Dominic Raab announced a £75m fund to help Britons stranded abroad, but no new measures to support businesses were announced.

    This crisis has brought the best out in many people, but unfortunately some unscrupulous individuals have taken this as an opportunity to profit through fraud or other questionable behaviours.

    HMRC is warning individuals and businesses to be wary of bogus emails, text messages, phone calls, notices of tax refunds and rebates as well as WhatsApp messages which claim to be from HMRC as well as contact from refund companies and scams on social media. These have been highlighted as methods used by unscrupulous fraudsters and you should report any suspected phishing attempts to phishing@hmrc.gov.uk and delete the message. Examples of these scams can be found here.

    Businesses have enough to deal with as they respond to coronavirus without falling victim to fraudsters, so please be vigilant.

    If you would like to speak to a member of our team for their expert advice and support, please contact us. We will continue to bring you the latest news and updates that are relevant for your business as more information is revealed through our new COVID-19 Knowledgebase.

  • Update: Monday, 30 March

    The weekend saw a rapid rise in both the number of confirmed COVID-19 cases and deaths across the UK. While this is upsetting, it is not unexpected as the numbers are broadly in line with patterns seen in other countries.

    One of the most important points to remember is that the situation is likely to get worse before it improves.

    This is a difficult time and cash management is absolutely key.

    While there are a number of support packages available for businesses and their employees, we have heard of difficulties faced by businesses trying to access the Coronavirus Business Interruption Loan Scheme (CBILS). We urge banks to listen to the government and assist them in providing support to those otherwise healthy businesses that need help through these hard times. We are working hard to help businesses to access these funds and other measures and our team is on hand to help any other clients that seek assistance.

    While we are yet to experience the peak of this pandemic in the UK, it is important to look to the future, when things will return to normal.

    While this is a painful period for individuals, families and businesses, the situation will pass in time. Various economists have warned that there will be a significant downturn in the economy as the lockdown continues, but there is expected to be a significant bounce back in quarters 3 and 4 of this year.

    We will continue to bring you the latest news and updates that are relevant for your business as more information is revealed through our new COVID-19 Knowledgebase. If you would like to speak to a member of our team for their expert advice and support, please contact us.

  • Update: Friday, 27 March

    Since the Government announced its package of support for workers whose jobs have been affected by COVID-19 with the Coronavirus Job Retention Scheme, we’ve been waiting to hear what support might be made available for people who are self-employed.

    Yesterday evening the Chancellor Rishi Sunak had a message for them: “You have not been forgotten”.

    Now, the Government has announced that people who are self-employed, many of whom own and manage their own businesses, will have the same level of support as people who are employed.

    The Self-employment Income Support Scheme enables workers to apply for a grant worth 80% of their average monthly profits, up to a maximum of £2,500 per month and, unlike the scheme for employees, it allows the self-employed to continue working while also receiving the support.

    The package is described as being ‘deliverable and fair’ and it is targeted at those with trading profits under £50,000, which should apply to 3.8 million of the country’s 4 million self-employed workers.

    To secure this funding, at least half of a person’s income must come from self-employment as registered on the 2018-19 tax return filed in January and anyone who missed the filing deadline has four weeks from now to get it done and qualify for the grant.

    The money will be paid in a single lump sum, but it will not begin to arrive until the start of June at the earliest, backdated to March, and the grants will be taxable.

    Interestingly the Chancellor closed his speech noting that, given the support given to the self-employed, he wants to start a discussion about levelling the differences between the employed and the self-employed in terms of tax and National Insurance contributions (NIC).

    In other news, police have been issued with the powers to issue fines up to £960 for repeat offences relating to the lock down regulations.

    More details of the various support packages have been released by the Government and more is expected on a daily basis. You can find basic guidance and advice for each of these in our new COVID-19 Knowledgebase which contains information on all of the support that has been announced so far. The Chancellor has made it clear that the Government is here to support business and he urges businesses to support their employees.

    As more support and funding becomes available, so will the options available to you. Duncan & Toplis is here to help you choose the right path for your business. We’re here to support your communication with HM Revenue & Customs (HMRC) to claim the funding available to support your employees and to prepare the information required to make loan and grant applications.

    This crisis will pass and the restrictions will lift in time, so we are here to ensure that our clients are in the best possible position to capitalise from the anticipated boom following the eventual reduction in restrictions.

    You will all have many questions at this stage and we’re standing by to help you as much as we can. We will update our guidance as we become aware of more details and you can contact our team of expert business advisers for more information and support.

  • Update: Thursday, 26 March

    Following the Health Secretary’s call for 250,000 volunteers more than 500,000 people have signed up for the ‘People’s Army of Kindness’.

    This is a sign of the strength and the will of the British people to overcome adversity, to fight this virus and come back stronger than before.

    However, the threat of coronavirus is becoming greater, with more than 9,500 people now having tested positive for the virus in the UK with many more thought to also have it so it’s crucial that we all meet our responsibilities to protect each other.

    There was further optimism with the rumblings that over 3.5 million home test kits could soon be available, potentially helping those who had been infected to return to normal life more quickly.

    Today, we expect to hear more on how the Government will support self-employed workers who are facing financial difficulty as a result of coronavirus. This will certainly be of interest to business owners and freelancers and we will share this information with you when it becomes available.

    The Chancellor, Rishi Sunak has warned that drawing up these plans has been “incredibly complicated”, with reports saying that the Government has struggled to find ways to avoid supporting self-employed people who do not need help.

    More details of the various support packages have been released by the Government and more is expected on a daily basis. You can find basic guidance and advice for each of these in our COVID-19 knowledge base. The Chancellor has made it clear that the Government is here to support business and he urges businesses to support their employees.

    As more support and funding becomes available, so will the options available to you. Duncan & Toplis is here to help you choose the right path for your business. We’re here to support your communication with HMRC to claim the funding available to support your employees and to prepare the information required to make loan and grant applications.

    This crisis will pass and the restrictions will lift in time, so we are here to ensure that our clients are in the best possible position to capitalise from the anticipated boom following the eventual reduction in restrictions.

    You will all have many questions at this stage and we’re standing by to help you as much as we can.

  • Update: Wednesday, 25 March

    Last night, the Health Secretary Matt Hancock announced the opening of a new 4,000 bed hospital at the ExCeL centre in London with the support of the armed forces and called for 250,000 volunteers to help the NHS.

    Mr Hancock also stressed that Boris Johnson’s lockdown regulations are rules, not requests. Everyone should stay at home unless exercising, shopping for necessities, travelling for medical reasons or going to work if that work can’t be done from home. We all have a role to play in saving lives.

    More details are starting to be released about the various Government support packages for businesses and more is expected on a daily basis. The Chancellor Rishi Sunak has stressed that the Government is here to support business and he urges business to support their employees. If more help is needed, it will be made available.

    As more support and funding becomes available, so will the options available to you. Duncan & Toplis is here to help you choose the right path for your business. We’re here to support your communication with HM Revenue & Customs (HMRC) to claim the funding available to support your employees and to prepare the information required to make loan and grant applications.

    This crisis will pass and the restrictions will lift in time, so we are here to ensure that our clients are in the best possible position to capitalise from the anticipated boom following the eventual reduction in restrictions.

    You will all have many questions at this stage and we’re standing by to help you as much as we can.

  • Update: Tuesday, 24 March

    Last night, the Prime Minister announced tighter restrictions on movement, beginning a period of lockdown which will last for at least three weeks.

    We must all stay at home, leaving only to shop for necessities, exercise once a day, travel for a medical need, and to travel to and from work if there is absolutely no option to work from home.

    We all need to play our role in overcoming the pandemic and protecting our families, friends and communities from the virus. The more of us that adhere to these restrictions, the more people will be saved and the quicker this will be over.

    More details are starting to be released by the Government and more are expected on a daily basis. The Chancellor, Rishi Sunak stressed that the Government will support business and he urged businesses to support their employees. There is now a wide range of support packages available for businesses but the Government has stated that if more help is needed, it will be made available.

    As more support and funding becomes available, so will the options available to you. Duncan & Toplis is here to help you choose the right path for your business so that you can get the funding and support you need at this important time.

    We’re here to aid your communication with HMRC, helping you to claim the funding available to support your employees and we can prepare the information required to make loan applications.

    When this is over and restrictions lift, we are all confident and hopeful that the economy will recover and life will quickly return to normality. We are working to ensure our clients are in the best possible position to capitalise on the anticipated boom following the eventual reduction in restrictions and, in the meantime, we can help your business to run as efficiently as possible.

    Now is not the time to be resisting and avoiding our responsibilities, instead, we must all look after our employees and focus on the future.

  • Update: Monday, 23 March

    Unprecedented actions for unprecedented times.
    More details are starting to be released by the Government and more are expected on a daily basis. The Chancellor stressed that the Government is here to support business so he urged businesses to support their employees. He also said that if more support is needed, it will be made available.

    As greater financial support and funding becomes available, so will the options available to you. Duncan & Toplis is here to help you choose the right path for your business and help you to secure all the support you need and are entitled to so that you can care for your employees and balance your budget in this challenging environment.

    We’re here to support your communication with HMRC to claim the funding available to support your team, we can help you prepare the information required to make loan applications and we can help you reduce your costs to become as efficient as possible.

    We are confident that, once this crisis has passed, businesses will reopen, people will return to work and we will return to normality, so we are here to ensure our clients are in the best possible position to capitalise from the economic boom we anticipate when restrictions are lifted.

    You will all have many questions at this stage and we’ll do our best to answer them. We will update our guidance as we become aware of more details.

  • Update: Friday, 20 March

    Yesterday, the Bank of England took the step to reduce interest rates to 0.1%, further supporting businesses in these troubling times.
    On Thursday evening the Prime Minister re-issued the call that “We will stand by you”. Importantly Boris Johnson specified that further financial support would be announced later today (Friday 20 March) by the Chancellor, Rishi Sunak.

    The Prime Minister urged firms to stand by their employees, as the Government will stand by them.

    Prior to the press conference yesterday evening, the Government released enhanced details covering eligibility and application details for a number of the points below.

  • Update: Thursday, 19 March

    Yesterday evening’s Government press conference brought the anticipated announcement that all schools in the UK would close after Friday, other than for the children of key workers and vulnerable children.

    Given the gravity of the school closure announcement, there were few financial developments – some of which we’ve listed here, along with a series of important points which you should consider.

    In its press conference last night, the Government announced that it will bring forward emergency legislation to protect private renters from eviction.

    This morning, the Government announced measures it had agreed with the energy industry to support vulnerable people through COVID-19 and these will be summarised below.

  • Update: Wednesday, 18 March

    Organisations everywhere are currently facing a challenge that’s unlike any which we’ve faced before and we appreciate that business owners will be very anxious about what the future holds.

    However, it’s important to know that there is help available and there are ways of minimising the disruption coronavirus (COVID-19) will cause for your business.

    To help you make sense of the situation and understand exactly what help is available to you, we’ve summarised the measures which have been announced so far, including information on who is eligible for which measure.


 

Duncan & Toplis is here to support businesses and we hope we can provide clarity on these important changes as they are announced. For the very latest advice for your organisation, please contact our team.

 

You can find a full, regularly updated list of measures to support businesses throughout the coronavirus pandemic here.

 

The information which is summarised herein does not constitute professional advice and is general in nature.  Please contact our team for further detail of how these initiatives could help you and your business.
 

Duncan & Toplis

Chartered Accountants & Business Advisers