In response to the period of disruption due to COVID-19, the Chancellor has set out a package of timely and targeted measures to support public services, people and businesses.
The package of measures to support businesses includes:
- Business Loan Scheme: Support for businesses through the Coronavirus Business Interruption Loan Scheme
- Business Financing Facility: Support for larger firms through the COVID-19 Corporate Financing Facility
- VAT and Income Tax Deferment: Support by deferring Value Added Tax and self-employed Income Tax
- HMRC Deferment: Support for businesses paying tax through Time to Pay service
- Business Rates & Cash Grants: Support for businesses that pay business rates & those that pay little or no business rates
- Statutory Sick Pay: Support for businesses who are paying sick pay to employees
- Employee Salary Contributions: Support through the Coronavirus Job Retention Scheme
