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COVID-19: measures for UK businesses

Survey suggests one in ten firms cannot implement coronavirus guidance safely

A survey carried out by the British Chambers of Commerce (BCC) has suggested that one in ten UK businesses feel they cannot implement government coronavirus (COVID-19) guidance safely.

IPSE urges government to extend self-employed support scheme

The government is being urged to extend its coronavirus (COVID-19) Self-employment Income Support Scheme (SEISS) for as long as self-employed individuals require it.

Future Fund launches to give start-ups coronavirus support

The government has launched its Future Fund package, which aims to support start-up businesses not eligible for other coronavirus (COVID-19) rescue measures.

Government set to launch Coronavirus Statutory Sick Pay Rebate Scheme

The government is set to launch an online service to allow employers to recover the Statutory Sick Pay (SSP) payments they have made to their employees during the coronavirus (COVID-19) pandemic.

Loan size increased to £200 million under large business interruption scheme

The government is extending the maximum loan size available through the Coronavirus Large Business Interruption Loan Scheme (CLBILS) from £50 million to £200 million.

BCC survey suggests firms ready for gradual reopening of UK economy

The latest Coronavirus Business Impact Tracker survey carried out by the British Chambers of Commerce (BCC) has suggested that UK businesses are ready for a gradual reopening of the UK economy and will 'embrace the new normal'.

One million apply to self-employed grant scheme in 48 hours

A million self-employed workers whose income has been hit by the coronavirus (COVID-19) pandemic made 440,000 applications for government grants during the first 48 hours of the scheme being open.

Close to £15 billion lent through government's coronavirus schemes

Almost £15 billion has now been borrowed through government-backed schemes designed to help businesses get through the coronavirus (COVID-19) crisis, according to the latest figures from the Treasury.

Chancellor extends Job Retention Scheme until October

Chancellor Rishi Sunak has extended the Coronavirus Job Retention Scheme (JRS) until the end of October.

Self-employed grant scheme to open to applications

Self-employed workers whose income has been hit by the coronavirus crisis can apply for grants from the government from 13 May.

HMRC extends tax appeal deadline due to pandemic

HMRC has granted taxpayers extra time to appeal its decisions or penalties where the usual 30-day deadline cannot be met due to the coronavirus pandemic.

Business groups need more guidance and financial support for return to work

Business groups are asking for more guidance and continued financial support after Prime Minister Boris Johnson began easing the coronavirus lockdown.

UK Finance warns firms over Bounce Back loan repayments

Trade body UK Finance has warned small businesses to consider their ability to repay a Bounce Back loan before taking one out.

HMRC begins contacting individuals eligible for coronavirus income support scheme

HMRC has started to contact individuals who may be eligible for its coronavirus (COVID-19) Self-employment Income Support Scheme (SEISS).

Over 110,000 businesses apply for Bounce Back loans on day one

More than 110,000 small businesses applied for a Bounce Back loan on 4 May, the first day the scheme was available.

Government changes ISA rules to help individuals affected by coronavirus

The government has altered the Lifetime ISA rules to help those adversely affected by the coronavirus (COVID-19) pandemic.

Business leaders eager for lockdown to ease, says IoD

According to the Institute of Directors (IoD), business leaders are eager for information on how and when the coronavirus (COVID-19) lockdown will ease as fears grow over the long-term outlook for the UK economy.

Lenders relax evidence requirements for business interruption loan scheme applications

The UK's seven largest small business lenders have relaxed their evidence requirements for applications to the Coronavirus Business Interruption Loan Scheme (CBILS).

CIPD urges government to make Coronavirus Job Retention Scheme more flexible

The Chartered Institute of Personnel and Development (CIPD) has urged the government to modify the Coronavirus Job Retention Scheme (CJRS) and make it more flexible so that furloughed employees are allowed to carry out work on reduced hours for their existing employer where possible.

Government launches small business micro loan scheme

As part of the government's measures to mitigate the economic damage caused by the coronavirus (COVID-19) lockdown, Chancellor Rishi Sunak has announced a micro loan scheme for small businesses.

FSB urges government to increase 80% guarantee on coronavirus business loans

The Federation of Small Businesses (FSB) has urged the government to increase its 80% guarantee on emergency coronavirus (COVID-19) business interruption loans.

Government launches support finder tool for businesses

The UK government has launched a new online platform to help businesses access financial support during the coronavirus (COVID-19) pandemic.

SMEs access £2.8 billion through business interruption loan scheme

The UK's small and medium-sized enterprises (SMEs) have accessed £2.8 billion in funding through the government's Coronavirus Business Interruption Loan Scheme (CBILS), according to data published by UK Finance.

BCC finds significant number of UK businesses have furloughed employees

A survey conducted by the British Chambers of Commerce (BCC) has found that over 70% of responding businesses have furloughed a proportion of their workforce.

Coronavirus pandemic 'has already cost SMEs £277,000 each', research suggests

Research carried out by online marketplace Fiverr has suggested that the coronavirus (COVID-19) pandemic has already cost UK small and medium-sized enterprises (SMEs) £277,893 each.

Government unveils support package for innovative businesses affected by coronavirus

The government has unveiled a billion pound support package for innovative businesses affected by the coronavirus (COVID-19).

Coronavirus Job Retention Scheme goes live as it is extended to end of June

The government's Coronavirus Job Retention Scheme went live on 20 April after Chancellor Rishi Sunak extended it until the end of June.

Pensions regulator issues auto-enrolment guidance for pandemic

The Pensions Regulator (TPR) has issued guidance covering automatic enrolment and employer contributions during the coronavirus (COVID-19) pandemic.

Government widens eligibility for job retention scheme

The government has widened the eligibility criteria for furloughed employees who need to access the Coronavirus Job Retention Scheme by pushing back a key date.

HMRC releases guidance on coronavirus Self-employment Income Support Scheme

HMRC has released guidance on the coronavirus (COVID-19) Self-employment Income Support Scheme.

Coronavirus Job Retention Scheme set to launch on 20 April

The government's Coronavirus Job Retention Scheme will launch on 20 April, according to HMRC.

Chancellor announces financial aid package for charities

On 8 April, Chancellor Rishi Sunak announced a £750 million package to help charities struggling during the coronavirus (COVID-19) pandemic.

Firms struggling to access emergency coronavirus loans

UK businesses are struggling to access emergency loans provided by the government's coronavirus (COVID-19) business interruption loan schemes, according to a survey conducted by the British Chambers of Commerce (BCC).

UK economic output reduces to 31% as result of coronavirus lockdown

Research published by the Centre for Economics and Business Research (CEBR) has revealed that UK economic output has reduced to 31% as a result of the coronavirus (COVID-19) lockdown.

Chancellor announces changes to Business Interruption Loan Scheme

On 3 April, Chancellor Rishi Sunak announced changes to the COVID-19 Business Interruption Loan Scheme following criticism that businesses have struggled to access loans.

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).

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.

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 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.

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.

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'.

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.

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.

UK facing 'worst recession in modern history'

The UK economy is facing its 'worst recession in modern history'.

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.

Coronavirus Business Interruption Loan Scheme goes live

The government's Coronavirus Business Interruption Loan Scheme went live for applications from today (23 March).

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.