Chancellor Rishi Sunak has announced measures to support the self-employed and partnerships through the coronavirus outbreak.
The scheme is called the Coronavirus Self-employment Income Support Scheme (CSEISS).
If you have suffered a loss in income, a taxable grant will be paid to the self-employed or partnerships, worth 80% of profits up to a cap of £2,500 per month.
These are troubling times for employers and their staff. Find out how the Coronavirus Job Retention Scheme can ensure that organisations are in a position to pay and hold onto valuable employees during lockdown and what employers need to do now in our latest update.
HMRC’s tax helpline number has changed.
If any businesses are concerned about paying their tax due to coronavirus, call them on 08000 241222.
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 that would otherwise have been laid off during this crisis.
For VAT, the deferral will apply from 20 March 2020 until 30 June 2020.
All UK businesses are eligible. How to access the scheme