BEIS: Delivering the Budget’s commitments – Protecting jobs and livelihoods, and backing business
Following the Budget announcement on Wednesday 3 March, Business Secretary, Rt Hon Kwasi Kwarteng MP, outlined in his statement that the Department for Business will have a key role to play in delivering the Budget's commitments, aimed at protecting the jobs and livelihoods of the British people through the COVID-19 pandemic. The Business Secretary said, “Recognising the critical role our innovators and wealth creators will play in driving our economic recovery, Government has unveiled a raft of measures to stimulate private investment, including a radical new super-deduction to cut companies’ tax bills if they invest in Britain’s future”. Other highlights were:
Further information can be found here.
Further support for commercial tenants
Government has announced that the ban on commercial evictions has been extended to 30 June 2021 to ensure businesses are supported as they re-open. Further information can be found here.
Financial Support
Recovery Loan Scheme: The Recovery Loan Scheme ensures businesses of any size can continue to access loans and other kinds of finance up to £10 million per business once the existing COVID-19 loan schemes close, providing support as businesses recover and grow following the disruption of the pandemic and the end of the transition period.
For more information on the scheme, click here.
Find out if you are eligible for Self-Employment Income Support Scheme fourth grant which will cover the period February 2021 to April 2021:
For more information on the scheme, click here.
Deferred VAT Payments: Find out how to pay VAT payments deferred between 20 March and 30 June 2020. You can pay now or join the VAT deferral new payment scheme. If you’re on the VAT Annual Accounting Scheme or the VAT Payment on Account Scheme, you can join the scheme from 10 March 2021. Further information is available here.
Update on Kickstart Gateways: Guidance has been updated with information about funding schedule and employers get an initial payment of £1,860, that includes £360 per job placement for admin costs, and more detail added to the steps in getting the young people into the job placements.
Application deadline for Closed Businesses Lockdown Payment: Guidance has been updated to reflect the deadline for the application closing date for Grant scheme and confirmed details of new subsidy allowance.
Local Restrictions Support Grant (for closed businesses): Guidance has been updated with the Grant scheme closing date and confirmed details of new subsidy allowance.
Local Restrictions Support Grant (for open businesses): Guidance has been updated with information on the closing date and details of new subsidy allowance.
Sector and workplace guidance
Testing for homecare workers: Guidance on the section for ‘A testing service for homecare workers in England’ has been replaced with an updated version of the document.
Workplace testing: Register interest by 31 March to access regular free workplace testing: All businesses regardless of size are now able to register to order free workplace testing kits for their employees who are unable to work from home. As around 1 in 3 people with coronavirus do not have symptoms, regular testing will be vital to support the gradual easing of restrictions. Businesses can register here for tests – all businesses, including those that are currently closed, need to register by 31 March 2021.
New start date for Driving theory tests: Theory tests are suspended in England because of the national lockdown. Theory tests will restart on 12 April 2021. For more information on theory tests, click here.
Date correction on when driving lessons and tests can resume: Guidance has been updated with car and trailer driving tests beginning from 12 April. Tractor and specialist vehicle training and tests from 29 March in England.
Travel
Mandatory form for international travel launched
Requirement for transport Operators:
Guidance has been updated for transport operators to ensure provision of coronavirus information to passengers travelling to England.
Update on tests for HGV or van driver: Guidance has been updated with information on test timeframes for round-trips between the UK and France, and the time-stamped document drivers will receive to help verify how much time they have spent in the UK.Business Support Helpline
There are new rules for businesses doing business with the EU from 1 January, and you need to take action now. To help you, a helpline has been set up. For English businesses, the Business Support Helpline can help you identify the actions you need to take. Similar helplines are available for Scotland, Northern Ireland and Wales.
For more information for businesses in England, call 0800 998 1098. For businesses in Scotland, call 0300 303 0660. For businesses in Wales, call 0300 060 3000 and for businesses in Northern Ireland, call 0800 181 4422. For more information, including opening hours, click here.