Salisbury Business Improvement District

Coronavirus: Information for businesses and employees

A full range of business support measures have been made available to businesses and their employees. This page has been created to keep BID levy payers fully informed with the latest advice, information and support available to businesses.

SUPPORT FOR BUSINESSES

Self-employment Income Support Scheme

  • Government will support self-employed individuals (including members of partnerships) whose income has been negatively impacted by the Coronavirus outbreak through the Self-employment Income Support Scheme.
  • The scheme will provide a grant worth 80% of their profits up to a cap of £2,500 per month.
  • HMRC will use the average profits from tax returns in 2016-17, 2017-18 and 2018-19 to calculate the size of the grant.
  • Available to those where the majority of income comes from self-employment and who have profits of less than £50,000.
  • The scheme will open for an initial 3 months with people able to make their first claim by June.
  • For eligible individuals who have not submitted their returns for 2018-19, they will have until 23rd April 2020 (4 weeks’ notice from the date of the announcement) to file their returns and therefore become eligible for this scheme.
  • HMRC will invite applications once the scheme is operational.
  • FAQs relating to this scheme can be found here.

Coronavirus Job Retention Scheme

  • Government will cover 80% of salaries of retained workers who aren’t working (up to £2,500 per employee) through the Coronavirus Job Retention Scheme
  • The cost of wages will be backdated to 1st March and will be open before the end of April for at least 3 months (open to any employer in the country)
  • Only for designated furloughed workers and information of employee must be submitted to HMRC

Business Rates

Grants

  • £10,000 grants for the smallest businesses eligible for Small Business Rates Relief
  • £25,000 grants for the small retail, hospitality and leisure sector businesses (with a rateable value less than £51,000)
  • These grants will be available from Wiltshire Council.
  • Businesses do not need to do anything at this stage. Further information from Wiltshire Council will be announced soon.

Statutory Sick Pay

  • Government will refund the cost of providing 14 days Statutory Sick Pay per employee (businesses with less than 250 employees)

HMRC

  • Time to Pay arrangements available through dedicated HMRC COVID-19 helpline: 0800 0159 559
  • Waiver of late payment penalties (for businesses who can’t pay or have administrative difficulties contacting HMRC)
  • Deferral of VAT payments for 3 months to 30th June for all businesses
  • July Income Tax payment under self-assessment scheme delayed until January 2021
  • Full Universal Credit at a rate equivalent to Statutory Sick Pay for the self-employed

Government Backed Loans

  • £330billion of government-backed and guaranteed loans

Business Interruption Loans

  • Loans of up to £5million (12 months interest free)

Banks

  • Banks have committed to make £14billion available to UK businesses

Mortgage & Rent Support

  • 3 month mortgage payment holiday
  • 3 month cessation on repossessions
  • Commercial tenants unable to pay will be protected from eviction

Planning Regulations

Visit the dedicated business support Government website for further information on each of these schemes.

BUSINESSES ORDERED TO CLOSE

Government has ordered the following businesses to close:

  • Non-essential shops
  • Food and drink venues (for consumption on-site)
  • Drinking establishments (bars, pubs and nightclubs)
  • Entertainment venues (cinemas, theatres, concert halls and bingo halls)
  • Museums and galleries
  • Spas, beauty salons, wellness centres and massage parlours
  • Casinos and betting shops
  • All indoor leisure, sports facilities and gyms
  • Hotels (for commercial use)

Further guidance on the businesses and premises required to close can be found here.

This measure will not impact the relaxation of planning rules announced which will allow pubs and restaurants to operate as hot food takeaways during the coronavirus outbreak. Find out more from Wiltshire Council here.

These measures will be reviewed monthly.

ADVICE AND USEFUL LINKS

GET IN TOUCH

We hope to continue to support the resilience, innovation and duty of care of our BID levy payers, in the toughest of circumstances. We’re keen to hear of any concerns from all our levy payers so we can help address them, and to hear of any initiatives you have put in place so we can spread the word to local businesses. Please do get in touch with us.