COVID-19 (Coronavirus): Support For Business
Here you will find guidance to help manage your business and employees during this fast-moving period. We will update this as and when new developments arise.
As information on COVID-19 is rapidly evolving, gov.uk are communicating updates regularly and this should be the first port of call for the most up to date guidance.
3-month extension given for companies filing their accounts
The government has released a notice informing companies that, from 25 March 2020, they will be able to apply for a 3-month extension for filing their accounts. This is to help businesses dealing with the impact caused by COVID-19.
Update: COVID-19 and the March Quarter Date – 19 March
The government has announced a temporary Coronavirus Business Interruption Loan Scheme as part of a package of measures to help small businesses. This, together with the Financial Assistance Scheme run by the Redundancy Payments Service, may assist businesses and the cashflow impact of redundancies. A trade body has also called for the government to introduce measures to make it easier for employers to make staff temporarily redundant by funding this through universal credit.
Employee payment and attendance entitlements
This flowchart demonstrates the various options regarding entitlements to sick pay, contractual sick pay and normal pay for those unable to attend work, worried about attending work and/or self-isolating.
Update: Including Budget announcements - 11 March
As the spread of Coronavirus (COVID-19) continues to dominate world news, the government is revising its advice and guidance on a daily basis. This, coupled with the Budget being delivered on 11 March 2020, has led to some key changes occurring which employers will need to be aware of in the following areas:
- Statutory sick pay
- Closing the workplace
- If someone becomes ill in the workplace
- Support for business announced in the budget
What employers need to consider – 4 March
As the UK Chief Medical Officer has raised the risk of Coronavirus (COVID-19) to the public from low to moderate, employers should consider how the virus may impact the operation of their business and affect their staff.
The key points for employers to consider are:
- Employees with protected characteristics