Other coronavirus (COVID-19) support payments

Produced by Tolley
  • (Updated for Budget 2021)
  • (Updated for Coronavirus (COVID-19))
Other coronavirus (COVID-19) support payments

The following Owner-Managed Businesses guidance note Produced by Tolley provides comprehensive and up to date tax information covering:

  • Other coronavirus (COVID-19) support payments
  • Summary of measures
  • Business rates relief and grant funding
  • Coronavirus business interruption loan scheme (CBILS)
  • Coronavirus large business interruption loan scheme (CLBILS)
  • Future fund scheme
  • Bounce back loans
  • Recovery loan scheme
  • Additional support in Scotland, Wales and Northern Ireland
  • Test and trace support payment scheme
    • More...

Summary of measures

A number of measures to support businesses and individuals have been made available throughout the pandemic. The measures are detailed in HMRC guidance. Following the original announcements in March and April 2020, changes and further measures have been announced by the Chancellor on several further occasions: on 24 September 2020 as part of his Winter Economy Plan, again on 31 October 2020 following the announcement of the second England lockdown, again on 17 December 2020 and again on 5 January 2021 at the start of the third England lockdown. The measures include:

  1. •

    an automatic business rate holiday for 2020/21 and the first three months of 2021/22, together with reduced rates for the remainder of 2021/22, for all retail, hospitality, leisure and child nursery businesses in England

  2. •

    grant funding schemes in England as follows:

    1. ◦

      initial small business grant funding announced in March 2020 of £10,000 for all businesses in receipt of small business rate relief or rural rate relief grants (now closed)

    2. ◦

      initial grant funding of £25,000 announced in March 2020 for retail, hospitality and leisure businesses with property with a rateable value between £15,000 and £51,000 (now closed)

    3. ◦

      local restrictions support grant funding for businesses required to close on or after 9 September 2020 for at least 14 days because of local Tier 2 or Tier 3 restrictions (or on or after 19 December 2020 due to Tier 4 restrictions)

    4. ◦

      local restrictions support grant funding for businesses in areas subject to Tier 2 or Tier 3 restrictions which are severely impacted by restrictions but not legally required to close

    5. ◦

      grant funding for nightclubs, dance halls or adult entertainment businesses required to close in March 2020 and unable to reopen subsequently (funding available from 1 November 2020 on a non-retrospective basis)

    6. ◦

      grant funding for businesses required to close due to national restrictions from 5 November 2020 to 2 December 2020 and / or from 5 January 2021

    7. ◦

      a one-off Christmas grant of £1,000

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