Coronavirus Job Retention Scheme

During this time, the government have brought in many ways to access help and support with small businesses.  One is the Coronavirus Job Retention Scheme.

HMRC are hosting a webinar later this week.  Please click below to access the registration details.

Please do contact us if you have used this facility with your staff and we complete your payroll for you.

Chancellor unveils new measures to SME loan scheme

The government’s Covid Business Interruption Loan, a funding package, was originally created for firms who were unable to secure regular commercial financing during the economic downturn of the virus.
But now Rishi Sunak has extended CBILS to all viable small and medium business who have faced financial difficulty during the COVID-19 pandemic. The government is also stopping lenders from requesting personal guarantees for loans under £250,000 and making operational changes to speed up lending approvals. Since 23 March, around 1,000 loans worth around £90m have been processed. The number is expected to increase in the coming days and weeks as banks get used to the new system. Rates charged to firms for loans are also expected to be kept as low as possible – given that the Bank of England’s base rate is at a record low of 0.1% and that the state is guaranteeing them. However there will not be a cap on the rates banks can charge. The issue is among those to be discussed when the chancellor holds talks with bank chief executives next week. The chancellor also announced a new measure for bigger companies. The Covid Large Business Interruption Loan Scheme will offer loans of up to £25m to firms with an annual turnover of between £45m and £500m, also 80% guaranteed by the taxpayer. Mr Sunak said: “We are making great progress on getting much-needed support out to businesses to help manage their cashflows during this difficult time – with millions of pounds of loans and finance being provided to hundreds of firms across the country. “And now I am taking further action by extending our generous loan scheme so even more businesses can benefit. We have also listened to the concerns of some larger businesses affected by COVID-19 and are announcing new support so they can benefit too. “This is a national effort and we’ll continue to work with the financial services sector to ensure that the £330 billion of government support, through loans and guarantees, reaches as many businesses in need as possible.” The government is also stopping lenders from requesting personal guarantees for loans under £250,000 and making operational changes to speed up lending approvals. It previously pledged to cover the first twelve months of interest and fees. Adam Marshall, director general of the British Chamber of Commerce, praised the new measures. He said: “We’re pleased that the Chancellor is listening and responding to the real-world concerns posed by firms across the UK who are urgently trying to access financial support. “Improvements to the Coronavirus Business Interruption Loan scheme will help firms get access to cash more quickly, and the announcement of a new loan scheme for mid-sized companies closes a significant gap in existing support. “Chambers of Commerce will continue to work with government and the banks to ensure that support reaches businesses at the front line.” From:

An Extension for filing your annual accounts

Companies can apply for an immediate and automatic extension on filing their accounts if they think that COVID 19 will cause delays in filing accounts.

You must apply before the filing deadline.

Follow this link:

If you require any assistance, please do not hesitate to contact us:


The Chancellor has announced a new Self-employment Income Support Scheme to support self-employed people who have been adversely affected by COVID-19.

GOV‌.UK has further details about who is eligible for the scheme and how it will work.

Self-employed people do not need to get in touch with HMRC as the scheme isn’t yet open for applications. HMRC will contact eligible customers by the beginning of June, inviting them to apply.


Please do get in touch if you need any assistance:

Coronavirus Job Retention Scheme

The government is committed to doing whatever it takes to support businesses and individuals through the Coronavirus pandemic. On 20 March as part of these efforts the Chancellor announced the Coronavirus Job Retention Scheme.

This funding will be open to all employers with a PAYE payroll scheme that was created and started on or before 28 February 2020, including charities. Employers can apply for grants of 80% of furloughed employees’ (employees on a leave of absence) monthly wage costs, up to £2,500 a month, plus the associated Employer National Insurance contributions and minimum automatic enrolment employer pension contributions on that wage, provided they keep the worker employed. The scheme will cover the cost of wages backdated to 1 March 2020, if applicable.

HMRC have been working night and day to develop this scheme, and we can now confirm that we have been able to publish further details of the scheme on GOV‌.UK. We are aiming to have the scheme up and running by the end of April 2020. More detailed guidance will be published in due course and please be assured we will advise you when the scheme is open.

HMRC are trying to get the link for the claim under the Coronavirus Job Retention Scheme up and running for the end of April.

Follow this link for more information:

More information for Employees can be found here:

Please do get in touch by email if you require any assistance.

CoronaVirus COVID 19 – SSP and Self Isolation

As you may be aware the public have been asked to self isolate for 14 days if they or any of their household have the symptoms of COVID-19, if your employees are self-isolating because of COVID-19: From 13 March, you can now claim SSP. This includes individuals who are caring for people self-isolating in the same household and therefore have been advised to do a household quarantine.

When does SSP apply?

The government is legislating for SSP to be paid from day 1, rather than day 4, of the absence from work if you are absent from work due to sickness or need to self-isolate caused by COVID-19. Once the legislation has been passed, this will apply retrospectively from 13 March.

Do I need a sick note?

From Friday 20 March onwards, those who have COVID-19 or are advised to self-isolate will be able to obtain an “isolation note” by visiting NHS 111 online and completing an online form, rather than visiting a doctor. For COVID-19 cases this replaces the usual need to provide a “fit note” after seven days of sickness absence. As yet this form is not available but as an employer you will need confirmation from the employee that they are off due to COVID-19.

How much SSP is paid?

SSP is paid at the rate of £94.25 per week and is recoverable in this instance from HMRC, usually by offset against other PAYE/NIC deducted from the individual/other employees.


Can I pay more than SSP?

Yes you can still pay above SSP if you choose or are contractually obliged.


What happens at the end of the 2 week period if the employee is still off sick?

Currently normal SSP rules will apply where a fit note from the doctor will be required.

If you have any further queries on payroll matters, please do not hesitate to contact us at

Client Support during COV-19

The support for business provided by the government can be found here

  • Businesses with less than 250 employees will be able to get a refund of SSP per eligible employee for upto 2 weeks as a result of Covid19.
  • Businesses rate relief for this that get a retail discount will be rebilled by their local authority
  • £25k grant to retail, hospitality and leisure business operating from premise with a rateable value £15-£51k. This is accessed from the local authority – guidance to be published 20 March
  • Business that are eligible for small business rate relief or rural rate relief will get a one-off grant of £10k. There is no need to apply your local authority will contact businesses. Guidance to be published shortly but funding is likely in early April.
  • Coronavirus Business Interruption Loan Scheme will be launched next week.  Govt is guaranteeing 80% of each loan .  First 6 months interest free.  The  new Coronavirus Business Interruption Loan Scheme, delivered by the British Business Bank, will enable businesses with a turnover of no more than £41 million to apply for a loan of up to £1.2 million.  Details from high street banks can be found here:












  • Any problems with paying tax should be dealt with through HMRCs Time to Pay Service
  • Businesses affected by being ordered to close by the government should be able to make an insurance claim on their business interruption insurance. Businesses need to check their T&Cs. However most businesses are unlikely to be covered as it may exclude pandemics.
  • A dedicated helpline has been set up to help businesses and self-employed individuals in financial distress and with outstanding tax liabilities receive support with their tax affairs. Through this, businesses may be able to agree a bespoke Time to Pay arrangement. If you are concerned about being able to pay your tax due to COVID-19, call HMRC’s dedicated helpline on 0800 0159 559.

Please do contact us if you would like assistance with Cashflow forecasts or other such analysis.