The support schemes that have been offered by the government through the COVID-19 Pandemic are constantly evolving and changing. We have put together this information page to help to guide you through the support that may be available to you at this time.
Coronavirus Job Retention Scheme Extended
The Furlough Scheme has been extended until the end of April 2021 due to the announcement of another lockdown. Employees will receive 80% of their usual salary for hours not worked. This is capped at a maximum of £2500 per month and this cap is proportional to the number of hours not worked.
There will also be grants of up to £3000 per month for businesses forced to close in England under the Local Restrictions Support Grant.
Find out more about the Coronavirus Job Retention Scheme.
Job Support Scheme
The Job Support Scheme was introduced to help to protect jobs throughout winter. This has now been postponed due to the extension of the Coronavirus Job Retention Scheme.
Job Retention Bonus
The Job Retention Bonus will no longer be paid in February due to the extension of the Coronavirus Job Retention Scheme.
Under the Job Retention Bonus, employers would have been able to claim a one-off payment of £1,000 for every eligible employee that they furloughed and claimed for through the Coronavirus Job Retention Scheme (CJRS). This information will be updated as and when it is released from HMRC.
VAT Deferral New Payment Scheme
Any deferred payments that were due to be paid from 20th March - 30th June 2020 need to be paid to HMRC by 31st March 2021. These payments can be paid in equal instalments using the VAT Deferral New Payment Scheme until 31st March 2022.
There is also the option of arranging payments with HMRC using the 'Time To Pay' support system. More information about the VAT Deferral Payment Scheme will be announced by HMRC in the coming months.
Find out more about VAT Deferrals
Stay safe from scams!
We have had reports of many different scams at this time, including emails and phone calls that appear to be from HMRC. They mimic government messages and appear to be authentic so it is important to stay vigilant.
Help is available from HMRC. If you search 'scams' you will be given information on how to how to recognise genuine HMRC contact.
You can also forward suspicious emails claiming to be from HMRC to firstname.lastname@example.org and texts to 60599.