Following the government’s announcement over the weekend, from November 5th, there will be another national lockdown across England. Along with this announcement, there has also been further support provided for businesses. What does this mean for you and your business?
The relevant local covid alert level measures will apply to your area until November 5th. From then the national lockdown restrictions will replace the local restrictions. These restrictions will be in place until December 2nd, after which the plan is aimed to continue with a regional approach. You can find the new national restrictions on the government website. Details and exemptions of the restrictions are outlined.
The Furlough Scheme (job retention scheme) was due to end on October 31st. However, this has now been extended until the end of March 2021 in order to give businesses security through winter. The furlough scheme reintroduced will be one that was used in August. The Job Support Scheme which was due to replace furlough has now been delayed to begin after lockdown. Employers have the option of entering into another flexible furlough agreement with their employees or they can issue their employees with a side letter confirming the extension of their previous flexible furlough agreement albeit on the new terms.
HMRC state if employees were on your payroll on 23rd September 2020 and were made redundant or stopped working for you afterwards, they can also qualify for the scheme if you re-employ them. You could consider taking this up as an employer to save jobs within your company.
The grants that were announced for businesses forced to close in tier 3 has now been extended to all area across England. These grants are paid fortnightly (for every two weeks that the business is closed). The amount for businesses are as follows:
In addition, £1.1 billion has been given to Local Authorities to distribute as one-off payments to support businesses that are not forced to close but will be affected. Local authorities will decide on who receives this and the amount they receive. Typically the amount received will be based on rateable values and employee numbers.
For further details on eligibility and the financial support available please see the update posted on the government website.
If any further details or changes from the government are released, we will provide updates.
If you have any concerns or would like to discuss things further, please get in contact with the HPC team today.
T: 0844 800 5932