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The UK Government has confirmed that people who can’t work their normal hours because of coronavirus (COVID-19) will still receive their usual tax credits payments. Those working reduced hours due to coronavirus or those being furloughed by their employer will not have their tax credits payments affected if they are still employed or self-employed. For further information please visit the GOV.UK website. Please visit the Business Wales Coronavirus advice for businesses pages for information for...
The new Bounce Back Loans scheme will help bolster the existing package of support available to the smallest businesses affected by the coronavirus pandemic. The Bounce Back Loan Scheme enables businesses to obtain a six-year term loan at a government set interest rate of 2.5% a year. Details as follows: up to £50,000 loan – loans will be from £2,000 up to 25% of a business’ turnover or £50,000, whichever is lower 100% guarantee –...
UK Government departments are hosting a series of webinars to help businesses understand the support available to them during the coronavirus pandemic. Including: topics that cover supporting and retaining staff and the self-employed, register to attend future webinars or watch recorded sessions international trade, register here small businesses, register here For further information please visit the GOV.UK website. Please visit the Business Wales Coronavirus advice for businesses pages for information for your business on dealing...
HM Revenue and Customs (HMRC) will begin contacting customers who may be eligible for the government’s Self-Employment Income Support Scheme (SEISS). Individuals are eligible if their business has been adversely affected by coronavirus, they traded in the tax year 2019 to 2020, intend to continue trading, and they: earn at least half of their income through self-employment have trading profits of no more than £50,000 per year traded in the tax year 2018 to 2019...
If your business can help with the response to coronavirus you can use the UK Government’s support from business service to help. You will be asked some questions about the type of support you can give and you’ll then be contacted as soon as possible if your support is needed. The support needed includes things like: medical testing equipment medical equipment design protective equipment for healthcare workers, such as masks, gowns and sanitiser hotel rooms...
Visit Wales have produced guidance for tourism businesses about the Health Protection (Coronavirus Restrictions) (Wales) (Amendment) Regulations 2020 and the subsequent guidance that was issued, especially in relation to accepting bookings between now and 26 September 2020. Regulations 2020 was issued on 7 April 2020 and emphasises that no bookings should be taken for periods during which holiday accommodations are required to be closed for the restricted period. All holiday accommodation businesses (apart from where...
VAT on essential personal protective equipment (PPE) for Covid-19 will be temporarily scrapped the UK Government has announced. From 1 May 2020 until 31 July 2020 a zero-rate of VAT will apply to sales of PPE for Covid-19. For further information please visit the GOV.UK website. Please visit the Business Wales Coronavirus advice for businesses pages for information for your business on dealing with the Coronavirus outbreak.
Furloughed workers planning to take paid parental or adoption leave will be entitled to pay based on their usual earnings rather than a furloughed pay rate. This means that: pay for furloughed workers taking family related leave is to be calculated based on usual earnings rather than furlough pay full earnings will apply to Maternity Pay, Paternity Pay, Shared Parental Pay, Parental Bereavement Pay and Adoption Pay workers about to take family-related leave are not...
Want to know more about the financial support available to small businesses during the coronavirus (COVID-19) outbreak? Sign up for free webinars hosted by The Department for Business, Energy and Industrial Strategy (BEIS). Financial support for small businesses during coronavirus – which takes place on Tuesday 5 May 2020 at 11am, this webinar will cover: eligibility for small business grants applying for a loan tax claiming for wages through the Coronavirus Job Retention Scheme To...
Furloughed worker? Why not take part in online learning. Online learning can help you to: improve your skills learn new skills help with your wellbeing Contact Working Wales for expert advice on the online training available by: calling 0800 028 4844 emailing workingwales@careerswales.gov.wales or visiting the Working Wales website for further information The Business Wales Skills Gateway pages also have information and advice about skills development support, take a look here. Please visit the Business...
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