Coronavirus Business Support where businesses can find out how to access the support that has been made available, who is eligible, when schemes open and how to apply.">

Mole Valley

Website URL : http://www.molevalley.gov.uk/index.cfm?articleid=54828

Business Support for COVID-19

The Government has created a dedicated webpage for Coronavirus Business Support where businesses can find out how to access the support that has been made available, who is eligible, when schemes open and how to apply.

Coronavirus Business Support ›


Last updated 27 March 2020


Annual Leave Rules Relaxed

Ban on Evictions for Commercial Tenants

Business Interruption Loan Scheme

Business Rates Holiday

Businesses Trading Internationally

Deferral of VAT and Income Tax Payments

Emergency Volunteering Leave

Extension period to file accounts

Insurance

Job Retention Scheme

Loans for Larger Firms

Non-Essential Premises Closed

Paying Suppliers

Relaxation of Planning Rules

Retail, Hospitality and Leisure Grant Scheme

Self Employment Income Support Scheme

Small Business Grant Scheme

Statutory Sick Pay Relief

Time to Pay Service


Please find below an overview of the key schemes highlighting the latest updates and additional information from Mole Valley District Council on certain schemes:


Annual leave rules relaxed

Workers who have not taken all of their statutory annual leave entitlement due to COVID-19 will now be able to carry it over into the next 2 leave years.

Further information

Self-Employment Income Support Scheme

The Self-employment Income Support Scheme (SEISS) will support self-employed individuals (including members of partnerships) who have lost income due to coronavirus.  This scheme will allow you to claim a taxable grant worth 80% of your trading profits up to a maximum of £2,500 per month for the next three months. This may be extended if needed.

If you have not submitted your Income Tax Self-Assessment tax return for the tax year 2018-19, you must do this by 23 April 2020.  Otherwise you will not be able to apply for SEISS.

Claim a grant through the SEIS here

Business Rates Holiday

A full Business Rates discount applies to the 2020/21 tax year for all retail, hospitality and leisure businesses and many childcare providers. Estate agents, lettings agencies and bingo halls were added to the list on 25 March.

Businesses can estimate their business rate charge using the business rates calculator.  Further information can be found in the expanded retail discount guidance for local authorities and the nursery discount guidance.  

Update 24.3.20: If your business falls into one of these categories please do not make a payment. Affected businesses will be rebilled by Mole Valley District Council as soon as possible.

View Business Rates Holiday details >>

Retail, Hospitality and Leisure Grant Scheme

This scheme provides businesses in the retail, hospitality and leisure sectors with a cash grant of up to £25,000 per property. 

Businesses in these sectors with a rateable value of under £15,000 will receive a grant of £10,000.

For businesses in these sectors with a rateable value of between £15,001 and £51,000, they will receive a grant of £25,000. 

Mole Valley District Council will be in touch with eligible businesses

Update 24.3.20: The money from central government is expected to reach Mole Valley District Council on 1 April and we aim to get the grants out as soon as possible after that.

View Grant Scheme details >>

Small Business Grant Scheme

The government will provide additional Small Business Grant Scheme funding for local authorities to support small businesses that already pay little or no business rates because of small business rate relief (SBBR), rural rate relief (RRR) and tapered relief. This will provide a one-off grant of £10,000 to eligible businesses to help meet their ongoing business costs.  Eligible businesses for these grants will be contacted by Mole Valley District Council.

Update 24.3.20: The money from central government is expected to reach Mole Valley District Council on 1 April and we aim to get the grants out as soon as possible after that.

View Grant Scheme details >>

Job Retention Scheme

All UK employers will be able to access support to continue paying part of their employees' salary for those employees that would otherwise have been laid off during this crisis.  HMRC will reimburse 80% of affected employees wage costs, up to a cap of £2,500 per month.  Employers will need to designate affected employees as 'furloughed workers' and submit this information to HMRC who are working urgently to set up a system for reimbursement.

View Job Retention scheme details >>

Deferral of VAT and Income Tax Payments

Valued Added Tax (VAT) payments are to be deferred for three months (20 March until 30 June 2020).  If you are self-employed, Income Tax payments due in July 2020 under the Self-Assessment system will be deferred to January 2021.  This is an automatic offer with no applications required.

View VAT deferral details >>

Business Interruption Loan Scheme 

This Scheme is being introduced to support long-term viable businesses who may need to respond to cash-flow pressures by seeking additional finance.  The Government will provide lenders with a guarantee of 80% on each loan to give lenders further confidence in continuing to provide finance to SMEs. The Government will not charge businesses or banks for this guarantee, and the Scheme will support loans of up to £5 million in value.  The first 12 months of the finance will be interest-free.   

The scheme is now open for applications. To apply, you should talk to your bank or one of the 40 accredited finance providers (not the British Business Bank) as soon as possible, to discuss your business plan. You can find out the latest on the best ways to contact them via their websites.  All major banks are offering this scheme. If you have an existing loan with monthly repayments you may want to ask for a repayment holiday to help with cash flow. 

The full rules of the scheme and the list of accredited lenders are available on the British Business Bank website >> 

Loans for Larger Firms  

To support larger firms, the Bank of England has announced a new lending facility (the COVID-19 Corporate Financing Facility) to provide a quick and cost effective way to raise working capital via the purchase of short-term debt.

The scheme is now available for applications.  

More information is available from the Bank of England >>

Time to Pay Service 

All businesses and self-employed people in financial distress, and with outstanding tax liabilities, may be eligible to receive support with their tax affairs through HMRC Time to Pay service.  These arrangements are agreed on a case-by-case basis and are tailored to individual circumstances and liabilities. 

The HMRC dedicated helpline is 0800 0159 559. 

View Time to Pay details >>


Statutory Sick Pay Relief  

Small and medium-sized businesses and employers will be able to reclaim Statutory Sick Pay (SSP) paid for sickness absence due to COVID-19.  The Government will work with employers over the coming months to set up the repayment mechanism for employers as soon as possible.  This refund will cover up to 2 weeks' SSP per eligible employee who has been off work because of COVID-19.  A rebate scheme is being developed. Further details will be provided in due course once the legalisation has passed. 

View Statutory Sick Pay relief details >>

Relaxation of Planning Rules 

Planning rules will be relaxed so pubs and restaurants can operate as hot food takeaways.  The Government will set out measures to enable businesses to deliver this service without a planning application for a period of up to 12 months.  Businesses will be required to tell the local planning authority when the new use begins and ends.

Insurance

Insurance policies differ significantly, so businesses should check the terms and conditions of their specific policy and contact their insurance adviser or broker. Most businesses are unlikely to be covered, as standard business interruption insurance policies mostly exclude pandemics.  Please see guidance from the Association of British Insurers for further information.

Non-Essential Premises Closed

As of 24 March all non-essential premises must close.  Takeaway and delivery services may remain open and operational in line with guidance. Online retail is still open and encouraged.

Retail and public premises allowed to remain open must:

  • Ensure a distance of two meters between customers and shop assistants
  • Let people enter the shop only in small groups, to ensure that spaces are not crowded
  • Queue control is required outside of shops and other essential premises that remain open

Update 26.3.20: Further guidance on business and premises to close >>

Ban on Evictions for Commercial Tenants

Update 23.3.20: Commercial tenants who cannot pay their rent because of coronavirus will be protected from eviction, the government has announced.  Many landlords and tenants are already having conversations and reaching voluntary arrangements about rental payments due shortly but the Government recognises businesses struggling with their cashflow due to coronavirus remain worried about eviction.

These measures, included in the emergency Coronavirus Bill currently going through Parliament, will mean no business will be forced out of their premises if they miss a payment in the next three months.  As commercial tenants will still be liable for the rent after this period, the Government is also actively monitoring the impact on commercial landlords' cash flow and continues to be in dialogue with them.

Further information >>

Emergency Volunteering Leave

A clause in the Coronavirus Bill 2020 creates a temporary new form of statutory unpaid leave for employees and workers who wish to volunteer - Emergency Volunteering Leave. The clause also includes certain rights and protections for employees and workers who take Emergency Volunteering Leave, including, for example, the maintenance of terms and conditions of employment during any period of leave and protection from detriment for taking the leave. The clause also provides an obligation on the Secretary of State for Health and Social Care to establish a compensation scheme to compensate eligible volunteers for some loss of income and expenses incurred.

The total consecutive amount of Emergency Volunteering Leave an individual can take is 4 weeks in any volunteering period of 16 weeks. There are exemptions for micro businesses (those with 10 or fewer employees).


Paying Suppliers

We recognise that the current outbreak of Covid-19 will affect many of our suppliers and may put their financial viability, ability to retain staff and supply chain at risk. To help maintain cashflow and protect jobs, we are shortening our standard payment terms.  In order to help us pay you quickly please email invoices instead of paper, to purchaseorders@molevalley.gov.uk.  Please do contact your usual contract manager if you have any queries.

Three-month extension period to file accounts

From 25 March 2020, businesses will be able to apply for a 3-month extension for filing their accounts. This joint initiative between the government and Companies House will mean businesses can prioritise managing the impact of Coronavirus.  Applications can be made through a fast-tracked online system which will take just 15 minutes to complete. 

Guidance can be found here >>

Businesses Trading Internationally 

Update 24.3.20: Advice has been published for UK businesses that export or deliver goods and services abroad and have been impacted by the spread of coronavirus (COVID-19). It includes DIT support and financial support for UK business trading internationally.

Guidance can be found here >>

Further Information

For further information, visit GOV.UK or email economicdevelopment@molevalley.gov.uk if you have any queries.



© 2020 Mole Valley, Pippbrook, Dorking, Surrey, RH4 1SJ.
Tel: +44 (0)1306 885001 Fax: +44 (0)1306 876821, 2020.