As we head into another national lockdown, here’s a reminder of what support is available to small businesses.
The main points of the CJRS:
The currently available self-employed grants have also been extended with a further grant available for the period 1st February 2021 to 30th April 2021.
Directors of their own Limited Companies will be able to claim under the Furlough Scheme, with the maximum claim amount being £575pm (if a tax efficient salary has been paid).
New grants for businesses have just been announced today for businesses forced to close in the leisure, hospitality and retail sectors. More guidance is expected imminently and we’ll update this blog when it is.
Business grants will be payable via your local authority – contact them or check their website for details of how to apply.
We’ll be updating you regularly with any additional updates. For now, get your business prepared for the National Lockdown. You can take a look at our previous blogs which may help, How to put your business on pause, and Top tips for working from home.
Full guidance from HMRC can be found here.
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