Broad UK Government advice for businesses is here - including details of deferring VAT and Income Tax payments and the Coronavirus Job Retention Scheme. The Business Support site is here and thelink to the latest announcement about the self-employed is here
Two emergency schemes to help businesses manage cashflow and secure finance are in operation:
The Coronavirus Business Interruption Loan Scheme for SMEs
This will be delivered through the British Business Bank. If you are UK-based and have a turnover of no more than £41m per year, you can apply for up to £5m of funding. Eligibility criteria can be found here and a list of participating lenders here)
The Covid Corporate Financing Facility for larger firms
This webpage sets out the practical steps that your firm needs to take in order to access the CCFF, as well as other frequently asked questions.
Law firm Brodies, a Confor member, has created a Covid-19 resource hub for employers, with informed advice on all the key issues. This includes FAQs covering the Coronavirus Job Retention Scheme, self-isolation, absence and pay and much more. Read more
If you are concerned about paying tax due to COVID-19, call HMRC’s dedicated helpline on 0800 0159 559.
The Association of British Insurers has a COVID-19 Q&A here - including advice on business interruption insurance.
Timber haulage is covered by the Department for Transport relaxation of drivers’ hours for carriage of all goods by road, from Monday 23 March to Tuesday 21 April 2020.
This is in response to unprecedented pressures on local and national supply chains created by the impacts of Covid-19. Anyone driving under the EU or GB drivers’ hours rules and undertaking carriage of goods by road can use the relevant relaxation. Details of the temporary relaxations - which relate to daily, weekly and fortnightly driving limits, plus rest periods - are here and further DfT guidance is here
RHA comment here
Confor members updates
Members will also receive additional information about the state of the sector, the latest important news and guidance to be aware of, as well as the opportunity to feedback on what more Confor could do to support members at this difficult time, including requests to public agencies and government.
Please ensure we have your up-to-date email address by contacting us on C19QS@confor.org.uk