08 Oct Businesses and Employers Bulletin
This bulletin is issued by the Department for Business, Energy and Industrial Strategy and provides the latest information for employers and businesses on coronavirus (COVID-19). https://www.gov.uk/government/organisations/department-for-business-energy-and-industrial-strategy
All coronavirus business support information can be found at gov.uk/business-support
Check if your business is eligible for the coronavirus Local Restrictions Support Grant
The Local Restrictions Support Grant supports businesses that were open as usual, providing services in person to customers from their business premises, but which were then required to close for at least 3 weeks due to local lockdown restrictions imposed by government. It is for businesses that pay business rates on their premises. Local councils may at their discretion also provide funding for businesses that don’t pay business rates. Find out more here
Self-Employment Income Support Scheme grant extension: The grant extension is for self-employed individuals who are currently eligible for the Self-Employment Income Support Scheme and are actively continuing to trade but are facing reduced demand due to coronavirus. Find out more on who can claim and what the grant extension covers here. HMRC will provide full details about claiming in due course.
Deferral of VAT payments due to coronavirus: Businesses who deferred VAT due from 20 March to 30 June 2020 will now have the option to pay in smaller payments over a longer period. Instead of paying the full amount by the end of March 2021, you can make smaller payments up to the end of March 2022, interest free. You will need to opt-in to the scheme, and for those who do, this means that your VAT liabilities due between 20 March and 30 June 2020 do not need to be paid in full until the end of March 2022. Those that can pay their deferred VAT can still do so by 31 March 2021. More information on the scheme will be available on GOV.UK in the coming months.