COVID–19 FAQs: support for UK individuals and businesses
There is a wide range of financial support available under the UK Government’s economic rescue package, but it can be difficult to identify the measures most relevant for your specific circumstances. These FAQs provide a simple overview of the most common financial issues arising for UK businesses and individuals affected by COVID-19. You can find further information and support on the document attached.
An overview
Support for UK individuals:
- Job retention scheme
- Income tax deferral
- Self-employed income support
- Time to pay
Support for UK businesses:
- Job retention scheme
- VAT deferral
- Time to pay
- Sick pay support
- Coronavirus Business Interruption Loan Scheme (CBILS)
- Loan scheme for businesses generating greater than £45m in revenues
- COVID-19 Corporate Financing Facility
- Business rate holidays
- Cash grants of up to £25,000
- Cash grants of up to £10,000
The wider Smith & Williamson Group are running a short survey to gauge the mood of business in relation to CBILS and related schemes in response to a request from regulators to obtain feedback on the schemes and their implementation. Your views would be much appreciated. Try the Coronavirus Business Interruption Loan Scheme questionnaire - link here.
Speak to an advisor
If you would like more information or to discuss how coronavirus will affect you or your business, please contact:
Managing Director
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