To qualify for the scheme, a self-employed individual must satisfy the following conditions: The individual must be self-employed or a partner in a partnership The individual must have a trading profit of less than £50,000 in 2018-19 or an average trading profit of less than £50,000 from 2016-17, 2017-18 and 2018-19 They must have filed a 2018/19 tax return declaring their self-employment income with four weeks from today for late filers to bring their returns up to date If they have other sources of income, their self-employed income must represent at least 50% of their total income
The scheme is available to all UK Employers Under the Coronavirus Job Retention Scheme, all UK employers with a PAYE scheme that was created and started on or before 28 February 2020, will be able to access support to continue paying part of their employees’ salary for those that would otherwise have been laid off during this crisis. This applies to employees who have been asked to stop working, but who are being kept on the pay roll, otherwise described as 'furloughed workers'. HMRC will pay employers a grant worth 80% of an employee’s usual wage costs, up to £2,500 a month, plus the associated Employer National Insurance contributions and minimum automatic enrolment employer pension contributions on that subsidised wage. This is to safeguard workers from being made redundant. The Coronavirus Job Retention Scheme will cover the cost of wages backdated to March 1st if applicable and is initially open for 3 months, but will be extended if necessary.
https://www.businesssupport.gov.uk/coronavirus-job-retention-scheme Business Rates Holiday for Retail, Hospitality and Leisure Businesses in the retail, hospitality and leisure sectors in England will not have to pay business rates for the 2020-21 tax year.
Businesses based in England AND Who are in the retail, hospitality and/or leisure sector. Properties that will benefit from the relief will be those that are wholly or mainly being used as: shops, restaurants, cafes, drinking establishments, cinemas and live music venues, for assembly and leisure; or hospitality such as hotels, guest and boarding premises and self-catering accommodation.
There is no action for you. Local authorities will apply the business rates holiday to your bills. For more information please check the guidance on gov.uk. For more information on the above scheme please click here https://www.businesssupport.gov.uk/business-rates-holiday-for-retail-hospitality-and-leisure
If your business is in the retail, hospitality or leisure sector, you will receive a cash grant of up to £25,000 per property. Businesses in these sectors with a property that has a rateable value of £15,000 and under may be eligible for a grant of £10,000. Businesses in these sectors with a property that has a rateable value of over £15,000 and less than £51,000 may be eligible for a grant of £25,000.
Businesses based in England AND Who are in the retail, hospitality and/or leisure sector Properties that will benefit from the relief will be occupied properties that are wholly or mainly being used: as shops, restaurants, cafes, drinking establishments, cinemas and live music venues for assembly and leisure as hotels, guest and boarding premises and self-catering accommodation Businesses with a rateable value of £51,000 or over are not eligible for this scheme.
There is no action for you. Local authorities will apply the business rates holiday to your bills. For more information please check the guidance on gov.uk. For more information on the above scheme please click the link below https://www.businesssupport.gov.uk/business-rates-holiday-for-retail-hospitality-and-leisure