Government Schemes & Guidance

For full update overview click back on main page 


Important Notice Regarding Government Guidelines - as all the government bodies continue to add updates and amendments frequently to their guidance at the moment, we advise members to keep checking for updates as they do not always confirm when they have. Any government guidelines  do have to provide a date for their last update and a summary of what has changed, so keep a check that the copy you have is the most recent version




Government Financial Assistance 

  • Bounce Back Loans Launched on the 4th May 2020
    • CLick here to read full details
  • a Coronavirus Job Retention Scheme for 3 months from 1st March - please note - this Scheme went live on the 20th April 2020 so claims can now be submitted
  • deferring VAT and Self-Assessment payments for 3 months
  • a Self-employment Income Support Scheme
  • a Statutory Sick Pay relief package for small and medium sized businesses (SMEs)
  • a 12-month business rates holiday for all retail, hospitality, leisure and nursery businesses in England
  • small business grant funding of £10,000 for all business in receipt of small business rate relief or rural rate relief
  • grant funding of £25,000 for retail, hospitality and leisure businesses with property with a rateable value between £15,000 and £51,000
  • the Coronavirus Business Interruption Loan Scheme offering loans of up to £5 million for SMEs through the British Business Bank
  • a new lending facility from the Bank of England to help support liquidity among larger firms, helping them bridge coronavirus disruption to their cash flows through loans
  • the HMRC Time To Pay Scheme

To read the full report on all the concessions and details on how to apply for them click here

Government Financial Assistance for the Self Employed 

  • grants worth 80% of average monthly profits up to £2,500 a month can be claimed
  • the scheme will remain in place for at least three months
  • open to anyone with trading profits of up to £50,000
  • available to those who make the majority of their income from self-employment and who filed a tax return for 2019 (with a further concession of 4 weeks to file late tax returns)
  • tax officials will contact those who are eligible
  • the scheme will be up and running no later than the beginning of June (and will be back dated to pay all 3 months in one go)
  • for those who need assistance before June Universal Credit would need to be applied for in the meantime

To claim a grant from the self employed scheme click here

To see how HMRC calculate what grant you qualify for click here

Devolved Nations

For current Scottish Government updates click here

For current Welsh Government updates click here

 Northern Ireland are following England Government Guidelines.

Channel Isles 
Jersey click here 
Guernsey click here
Isle of Man click here