The Welsh Government has announced a new £500 million fund to provide extra support to the Welsh economy, businesses and charities experiencing a sharp drop in trading as a result of the coronavirus (COVID-19) pandemic. The Economic Resilience Fund aims to plug the gaps in the support schemes already announced by the UK Government, including the Job Retention Scheme and the Self-Employed Income Support Scheme, which will guarantee 80% of people’s wages and income. The...
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Vehicle owners will be granted a 6-month exemption from MOT testing, enabling them to continue to travel to work where this absolutely cannot be done from home, or shop for necessities during the COVID-19 outbreak. All cars, vans and motorcycles which usually would require an MOT test will be exempted from needing a test from 30 March 2020. Vehicles must be kept in a roadworthy condition, and garages will remain open for essential repair work...
The UK Government has introduced the following help for the self-employed: Deferral of Self Assessment Income Tax payments due in July 2020 and VAT payments due from 20 March 2020 until 30 June 2020 Please visit the Business Wales Coronavirus advice for businesses pages for information for your business on dealing with the Coronavirus outbreak.
The Wales Co-operative Centre has launched a Covid-19 Helpline for the social business sector in Wales. Social Business Wales and its team of expert advisors are on hand to provide help with enquiries about cash flow, HR, digital platforms, marketing and communications and a range of other areas that might need re-thinking in light of the Coronavirus. They can provide advice via telephone or through video conferencing, you can contact them by telephone on 0300...
A new Self-employment Income Support Scheme to support self-employed people who have been adversely affected by COVID-19 has been announced. Unfortunately, there has been an increase in scam emails, calls and texts. If someone gets in touch claiming to be from HMRC, saying that financial help can be claimed or that a tax refund is owed, and asks you to click on a link or to give information such as your name, credit card or...
The UK Government has announced a package of support for the Self- Employed impacted by the Coronavirus outbreak, bringing support to the same level as that for employees. The new Self-Employed Income Support Scheme, means those eligible will receive a cash grant worth 80% of their average monthly trading profit over the last three years. The scheme will be open to those with a trading profit of less than £50,000 in 2018-19 or an average...
The Welsh Government has produced guidance that explains what holiday park owners and operators need to do in response to the coronavirus pandemic. The Health Protection (Coronavirus: Closure of Leisure Businesses, Footpaths and Access Land) (Wales) Regulations 2020 came into force at noon on 24 March 2020. They implement the Welsh Government’s policy that holiday parks and caravan sites should close. For further information please visit the Gov.Wales website. Please visit the Business Wales Coronavirus...
As part of a number of measures to support the country during the coronavirus (COVID-19) pandemic, Working Tax Credits payments will be increased by £1,045 to £3,040 per year from 6 April 2020 until 5 April 2021. The amount a claimant or household will benefit from will depend on their circumstances, including their level of household income. If you claim Working Tax Credits, you don’t have to take any action or contact HMRC - the...
From 25 March 2020, businesses will be able to apply for a 3-month extension for filing their accounts. This joint initiative between the UK government and Companies House will mean businesses can prioritise managing the impact of Coronavirus. As part of the agreed measures, while companies will still have to apply for the 3-month extension to be granted, those citing issues around COVID-19will be automatically and immediately granted an extension. Applications can be made through...
Due to the Coronavirus outbreak, the Government Equalities Office (GEO) and the Equality and Human Rights Commission (EHRC) have, taken the decision to suspend enforcement of the gender pay gap deadlines for this reporting year (2019/20). The decision means there will be no expectation on employers to report their data. 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...