CORONAVIRUS UPDATE
Self-employed workers will be feeling particularly anxious about the coronavirus crisis. So what are the Govnerment doing to help?
Chancellor Rishi Sunak says the Government will do ‘Whatever it takes’ to support small businesses, incuding the self-employed.
So what help is there?
Universal Credit’s
Universal Credit is a payment you can receive from the Government if you are on low income or out of work.
New style Employment and Support Allowance
If you’re sick or have medical condition or disability that may impact on your work, you may be able to claim Employment and Support Allowance also known as ESA.
Government Grants
The Government is proving additional funding to local council authorities to support small businesses.
Business Interruption Loan Scheme
The Business Interruption Loan Scheme will be available as early as this week, delivered by the British Business Bank.
Delay in Payment on Account tax payment
The Chancellor, Rishi Sunak confirms that he is going to defer self-assessment payments on account (originally scheduled for 31 July 2020), to January 2021 now.
If you are concerned about how Covid-19 will affect you and your business, please give us a call on 020 8647 0297.
Although the MDH team are now working from home, we are still here to support you with whatever concerns you may have.
We have prepared information sheets detailing the different packages and schemes the Chancellor has set out, the eligibility of these schemes, and how to get access.
If you would like these information sheets, please email natalie@mdh.me.uk, and we will send these over to you
