Coronavirus (COVID-19)


As part of our service from Croner Taxwise, all clients receive telephone access to expert HR support. This service has been extended to include a dedicated coronavirus team to guide our clients through:

  • the Job Retention Scheme
  • how to deal with employee concerns
  • and how to support employees whilst protecting your business

Please contact us should you wish to use this service.


Practical business advice for clients: COVID-19

Last updated: 11 May 2020, 13:55.

Here’s a quick summary of practical help announced by the government.

You can read the latest advice and guidance from government for businesses on its coronavirus pages.

Business Support Finder

The government’s Business Support Finder Tool is aimed at helping businesses navigate the range of financial support they are eligible for during the current coronavirus pandemic.

Employers

ICAEW guidance

COVID-19: HMRC confirms agent authorisation for CJRS claims 

The Tax Faculty has received an update from HMRC on authorising agents to make Coronavirus Job Retention Scheme (CJRS) grant applications on behalf of clients. This is our step-by-step guide.

The Coronavirus Job Retention Scheme: furlough guidance

The Coronavirus Job Retention Scheme (CJRS) supports all UK employers with a PAYE scheme to retain staff who would otherwise have been laid off during this crisis by paying part of their employees’ salary.

This guidance should be read in conjunction with the additional clarification to our understanding of the scheme on 6 April and the update on further guidance published on 14 April.

Government guidance

Check if you can claim for your employees’ wages through the Coronavirus Job Retention Scheme

Find out if you’re eligible and how much you can claim to cover wages for employees on temporary leave (‘furlough’) due to coronavirus (COVID-19).

Latest news articles

CJRS calculator and latest guidance from HMRC 

20 April: As the Coronavirus Job Retention Scheme (CJRS) opens, HMRC launches its calculator tool to help businesses work out how much they can apply for.

CJRS top 10 things we don’t know 

20 April: Summary of the top questions raised by the Tax Faculty that were unanswered on 17 April and some answers that HMRC has provided since.

Sole directors and the Coronavirus Job Retention Scheme

1 April: How does the government’s furlough scheme apply to owner-managed limited companies?

Helpsheets

Engagement letters helpsheet: Part 2 J-C Furlough grant claim services

Sample wording for claiming the coronavirus job retention scheme grant on behalf of clients, for practitioners and businesses. This is a supplementary schedule to the main engagement letter helpsheet.

External resources

Get help with the Coronavirus Job Retention Scheme

Contact HMRC via their dedicated CJRS helpline.

Coronavirus Job Retention Scheme calculator

Calculator to work out the figures you will need when you complete an online claim through the scheme. It is aimed at organisations with a small number of employees.

Acas Furlough letter template

A template for an agreement to temporarily send home an employee because there’s no work (‘furlough’). Free to download and use.

Employment legal advice

Legal advice for employers during coronavirus provided by Edwin Coe LLP.

All businesses

ICAEW guidance

COVID-19: VAT and self assessment payment deferral

The UK government is supporting businesses during the coronavirus pandemic by deferring VAT and self assessment payments. ICAEW’s Tax Faculty outlines how the deferral will work.

COVID-19: Support on negotiating time to pay

Useful tips on how to negotiate with HMRC from the Tax Faculty, as they seek seeks further clarification on the support for businesses having difficulty paying tax bills due to COVID-19.

Changes to insolvency rules to help companies trade – coronavirus

The government will amend insolvency law to give companies undergoing a rescue or restructure the breathing space to keep trading while they explore options for rescue.

Government guidance

Self-employed

ICAEW guidance

NEW – Self-Employment Income Support Scheme (SEISS) 

If you are self-employed or a member of a partnership in the UK and have lost income due to coronavirus (COVID-19) this scheme will allow you to claim a taxable grant worth 80% of your trading profits up to a maximum of £2,500 a month. This guidance covers how to apply for the Self-employment Income Support Scheme (SEISS), including information on the pre-application phase, the eligibility checker and disputes.

COVID 19: Updated guidance on SEISS

ICAEW’s Tax Faculty highlights the key additions to HMRC’s guidance on the coronavirus self-employed income support scheme (SEISS), which now includes details on calculating trading profits and more information on the interaction with universal credit.

Government guidance

External resources

Deferral of Self-Assessment payment

The second self-assessment payment on account, that is ordinarily due to be paid to HMRC by 31 July 2020, may now be deferred until 31 January 2021.

Micro and small businesses

ICAEW guidance

Bounce Back Loan Scheme: what you need to know

Smaller businesses impacted by coronavirus are now able to apply for funding support of up to £50,000 via the Bounce Back Loan Scheme if certain eligibility criteria are met.

Cash grants for businesses receiving small business rate relief – coronavirus

There are cash grants available for businesses receiving Small Business Rate Relief or Rural Rate Relief through the Small Business Grants Fund (SBGF) and Retail, Hospitality and Leisure Grant Fund (RHLGF).

Government guidance

Bounce Back Loan Scheme – Factsheet for SMEs

Delivered by lenders accredited by the British Business Bank for this scheme, Bounce Back Loans target small and micro businesses in all sectors, providing loans from £2k up to 25% of the business’ turnover with a maximum loan of £50k.

Apply for the Future Fund

Launching in May, the Future Fund will provide government loans to UK-registered companies ranging from £125,000 to £5m, subject to at least equal match funding from private investors.

Business support grant funding – guidance for businesses

Latest news articles

Government launches new small business microloan scheme

The chancellor has announced a new Bounce Back loan scheme, allowing small businesses hit by the impact of coronavirus measures to apply for up £50,000.

Medium-sized businesses

ICAEW guidance

The Coronavirus Business Interruption Loan Scheme: revised

The Coronavirus Business Interruption Loan Scheme (CBILS), introduced on 23 March and revised on 2 April, provides support for businesses to access funding if certain eligibility criteria are met.

Government guidance

Apply for the Future Fund

Launching in May, the Future Fund will provide government loans to UK-registered companies ranging from £125,000 to £5m, subject to at least equal match funding from private investors.

Claim back Statutory Sick Pay paid to employees due to coronavirus (COVID-19)

The Coronavirus Statutory Sick Pay Rebate Scheme will repay employers the current rate of SSP that they pay to current or former employees for periods of sickness starting on or after 13 March 2020.

Latest news articles

NEW – Nine new lenders announced for the Coronavirus Business Interruption Loan Scheme (CBILS)

The British Business Bank has announced that it has approved nine new lenders for accreditation under the Coronavirus Business Interruption Loan Scheme (CBILS), bringing the total number of CBILS lenders to over 60.

Large businesses

ICAEW guidance

The Coronavirus Large Business Interruption Loan Scheme

The Coronavirus Large Business Interruption Loan Scheme (CLBILS) provides financial support to mid-sized and larger UK businesses with annual turnover above £45 million that are losing revenue, and seeing their cashflow disrupted, as a result of the COVID-19 outbreak.

Applications will be open from Monday 4 May.

Lending facility for larger firms – coronavirus

The Bank of England’s direct lending facility for larger businesses, the Covid Corporate Financing Facility (CCFF), is open for applications via banks.

Government guidance

Retail, hospitality and leisure businesses

ICAEW guidance

Business rates holiday and cash grants for retail, hospitality and leisure businesses – coronavirus

Businesses in the retail, hospitality and leisure sectors in England will not have to pay business rates for the 2020 to 2021 tax year. There are also cash grants of £25,000 that will be will be given to businesses in these sectors meeting the thresholds.

Government guidance

Nursery businesses

ICAEW guidance

Business rates holiday for nursery businesses – coronavirus

Nurseries in England do not have to pay business rates for the 2020-2021 tax year.

Government guidance

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