Support for Business from Goverment during the Covid-19 public health crisis
What Covid-19 support is available to recruitment business leaders?
• You can defer VAT due between 20.03 and 30.06 – but you must clear the debt by April 2021
•Businesses with less than 250 employees* can claim a rebate for staff paid SSP for 2 weeks. * Definition of “employees” TBC
Job Retention Scheme
For laid off and furloughed workers •Government will pay 80% of the wages (capped at a max of £2,500 per month) if a business decides to “furlough” any of their workers (company directors are not eligible).
Business Interruption Loan Scheme By British Business Bank
•Interest free loans for the first six months, underwritten by government. Available if your business has a turnover under £45m per annum. Maximum loan value of £5m.
Small Business Grant
For businesses that receive small business rate relief •Your local authority will write to you if you are eligible for this. The grant is to a value of £10,000.
Corporate Financing Facility
For larger businesses •The Bank of England will buy short term debt to support the cashflow of those larger businesses that have been temporarily disadvantaged by the coronavirus outbreak
Time to Pay scheme
For those with outstanding tax liabilities •For UK businesses that pay tax to HMRC, you may be able to come to an arrangement with HMRC. You can call HMRC on 0800 0159 559
For the self-employed •Payments due at the end of July 2020 can now be deferred until 31 January 2021. You do not need to apply – this is just automatic
Source: REC The recruitment & Employment Confederation 26th March 2020
CORONAVIRUS COVID 19
The UK government has announced measures regarding workers rights, support for business and contingence plans, in order to maintain incomes and future opportunities for all UK residents, during this public health pandemic. We shall where possible keep you updated on this page and all new updates will be added to the top for ease of access. This is an ever changing position, which will be subject to many updates over the next few months as well as criteria and qualification at all times, but hopefully these updates will offer some peace of mind at this difficult time. The Government website is available here by following this link in your browser. https://www.gov.uk/coronavirus
25TH MARCH 2020 UPDATED FROM REC.
Coronavirus update - what's new?
24 March 2020
This update covers:
Payment of wages for furloughed workers
Payments for the self-employed
Stay at home advice
Gender pay gap reporting suspension
To obtain a copy of the REC update in full please email: email@example.com
21st March 2020
JOB RETENTION SCHEME (Furloughed Workers)
The job retention scheme is under review and this may mean temporary workers with MAS will be paid a proportion of their earnings, if they are laid off from their temporary assignment. We are waiting on the final details with confirmation from HMRC and our recruitment industry experts. This would be a temporary emergency measure and subject to government rules and full compliance.
The general position is that if the employer, in this case MAS, maintains your employment through PAYE there will be some government assistance available until such time as you can return to full time work and regular assignments, in a safe working enviornment with a MAS client hirer.
This facility if availabe, will be administered by MAS Recruitment and operated with the agreement of the appropriate client hirer. In normal circumstances Furlough Workers may take up temporary employment, however at this time, it will be expected that all workers will remain at home, as it is a mechanisim for non contact and isolation in order to reduce the spread of the Coronavirus, and/or to enable the public health authorities to test workers. This may be several weeks away. wait for further details
SSP payment at the statutory level may be available and this will be subject to the normal statutory requirments. The recent changes in relation to qualifiing days, is due to be legislated for by the end of March and should become law. The provision for ssp would only apply to workers on assignment at the time of sickness and/or confirmed isolation This would not be available to furloughed workers at the same time. This facility would be availalabe for up to 2 weeks. wait for further details
Posted 16th MARCH 2020
The latest GOV.UK Covid-19 virus update can be found by clicking the following link:
While you are staying at home, make sure you do the following things:
Stay at home
You should remain in your home. Do not go to work, school, or public areas, and do not use public transport or taxis. You cannot go for a walk.
You will need to ask friends or relatives if you require help with buying groceries, other shopping or picking up medication. Alternatively, you can order medication by phone or online. You can also order your shopping online. Make sure you tell delivery drivers to leave items outside for collection if you order online. The delivery driver should not come into your home.
Note: On 4th March 2020 the Government announced plans to amend the qualifying criteria for SSP so that it is payable from the first day of sickness rather than the fourth day. The change has not yet come into force at the time of writing but we are obviously awaiting official guidance from gov. uk and our professional body, the Recruitment & Employment Confederation, regarding this.
POSTED 15TH MARCH 2020
ADVICE FOR EMPLOYERS - NON SECTOR SPECIFIC