Against a backdrop of rising Covid infections and a reduction in government support, will SMEs be able to survive cashflow pressures and Covid debt burdens? Much needed help may be on the way as the CBI and financial services sector call for change.
Check your Local Authority website for details of their application process for the Local Authority Discretionary Grant Fund. Derby City Council’s fund is open for applications now.
Changes to Coronavirus Job Retention Scheme. Flexible Furlough scheme introduced from 1 July, employers to gradually increase their contribution to wage costs beginning with NI and employer pension contribution costs and rising to 20% by October when the scheme will end. Self Employment Income Support Scheme extended, now ending in August, with a single payment of up to £6,570 to cover June, July and August.
NHS Test and Trace system is now operational. What we all need to do now and the impact on employers.
Recover the costs of paying COVID-19 Statutory Sick Pay using HMRC’s online service. The service allows employers with less than 250 staff to apply to recover the costs of paying coronavirus -related Statutory Sick Pay for two weeks. The rebate is worth almost £200 per employee.
Plans to reopen retail in a safe and secure manner providing the Government’s five key tests are met, retailers conduct risk assessments and comply with COVID-19 Secure guidelines for shops and branches.