Government Financial Response to COVID-19

Government Financial Response to COVID-19

Here at Salisburys we’ve been closely following the developments in the COVID-19 situation in regards to how it will affect businesses, and the recent Government announcements regarding financial support in light of the ongoing pandemic situation.

For those not in the financial sector, it has been difficult to stay on-top of announcements and support available to different areas of the market. As a result, our Go for Growth partners Innes Reid have created a simplified summary which will save you time in sourcing this valuable business information.

The summary explains the support that the Government has made available for Individuals/Employees, Self Employed and Businesses/Employers regarding:

  • Time to pay scheme
  • Salaries
  • Sick pay
  • Benefits
  • Grants
  • Business Loans
  • Mortgages
  • Renters
  • Business Rates
  • Self Assessments
  • VAT

There are still a number of holes in the guidance as to how this will be implemented, how applications are to be made and the legal position.

If any of our clients would like more information on these topics, Innes Reid have put together a comprehensive summary PDF – which can be found here