Since writing the first version of this Action Plan at the start of this crisis, things have moved on apace and many eligible businesses have now begun to receive some assistance in the form of small business grants and rates relief from their local council.
This week, HMRC is launching its’ online portal which will enable employers to make their grant claims for furloughed employees. We are contacting all our payroll clients separately about this and the information we require to make the furlough claims on their behalf. If we do not currently look after your payroll scheme but you would like us to deal with the furlough claims on a stand-alone basis, then please contact the office as soon as possible.
Assistance for the self-employed in the form of the Self Employed Income Support Scheme will be the next big scheme to be rolled out, with HMRC contacting eligible taxpayers in mid May 2020 and the online scheme opening early in June,with a view to making payments by the end of June 2020.
As stated previously, we are inevitably being bombarded with queries at this time, so as far as possible could we please ask that for all the latest detailed advice and guidance, you check in daily on the government website pages dedicated to Coronavirus and then email us with any specific queries that remain. With the rapidly changing nature of the Covid-19 outbreak, information and advice is changing quickly so to remain up to date with the very latest guidance, the UK government website is invaluable. We can then concentrate on helping you with the practical tasks that will be necessary going forward - collating financial information and cash flow forecasts for business interruption loans, dealing with furloughing employees and assisting the self-employed in understanding what income support they may become eligible for and so on.
We have updated our Action Plan so that it is now up to date as of Monday 20th April and just to reiterate, if anyone gets in touch claiming to be from HMRC and offering financial help or telling you there is a tax refund owed to you, please do not click on any links or provide any personal or financial information, do not respond! HMRC will never contact you out of the blue to ask for such details.