For payroll specifics see this page
This includes a business rates holiday for retail, hospitality and leisure businesses; deferring VAT payments (but VAT returns must still be filed); small business grant scheme etc. Commercial tenants who cannot pay their rent because of COVID-19 are protected from eviction.
- Simple questionnaire to signpost you to the help that you qualify for https://www.gov.uk/business-coronavirus-support-finder
- Personal finances – MoneySavingExpert
- If you owe personal or business taxes, ask HMRC for a “Time to Pay” arrangement.
Bounce Back Loan (BBL) and Coronavirus Business Interruption Loan Scheme (CBILS)
- You may have cashflow problems. Speak to your bank. As well as their normal overdrafts and loans, they will be offering Coronavirus Bounce Back Loans (BBL) and the Coronavirus Business Interruption Loan Scheme (CBILS) – a loan that is interest-free for 12 months.
“To qualify for either type of loan, your business must have a business plan and a borrowing proposal that the lender would accept if it were not for the Covid-19 pandemic. In other words, your business must be viable in normal trading circumstances” [-FreeAgent].