Coronavirus Business Grants and Support

Last updated: 5 April 2021

Business Grants

Businesses required to close in England due to restrictions will be eligible for the following grants:

  • For properties with a rateable value of £15k or under, grants to be £1,334 per month, or £667 per two weeks;
  • For properties with a rateable value of between £15k-£51k grants to be £2,000 per month, or £1,000 per two weeks;
  • For properties with a rateable value of £51k or over grants to be £3,000 per month, or £1,500 per two weeks.

Restart grants

Restart grants are available from 1 April 2021.

Non-essential retail businesses in England will be eligible for grants of up to £6,000 per premises:

  • £4,000 for businesses with a rateable value of exactly £15,000 or under.
  • £6,000 for businesses with a rateable value over £15,000 and less than £51,000.
  • £9,000 for businesses with a rateable value of exactly £51,000 or above.

Hospitality, accommodation, leisure, personal care and gym businesses may get up to £18,000. The sum you’ll receive is based on your rateable value.

  • £8,000 for businesses with a rateable value of exactly £15,000 or under.
  • £12,000 for businesses with a rateable value over £15,000 and less than £51,000.
  • £18,000 for businesses with a rateable value of exactly £51,000 or above.

https://www.gov.uk/guidance/check-if-youre-eligible-for-a-coronavirus-restart-grant.

Further information for businesses based in Carlisle is available at https://www.carlisle.gov.uk/news-and-events/business-support.

Tax payment support

VAT

The VAT cut for tourism and hospitality industries to 5% is extended to 30 September 2021.

Businesses who deferred their VAT liabilities which were due by 31 March 2021 will be able to pay this in 11 smaller interest free installments.

Taxpayers can sign up through their online account and they have until 21 June 2021 to do so. The new legislation will also introduce a new penalty of 5% if payment is not made by30 June 2021 and the taxpayer has not opted into the scheme to spread payment by that time, or otherwise entered into an agreement with HMRC.

https://www.gov.uk/guidance/deferral-of-vat-payments-due-to-coronavirus-covid-19

PAYE and Corporation Tax

There are no changes to the due dates for PAYE and Corporation Tax. Interest is currently being charged by HM Revenue & Customs (HMRC) for late payment. However HMRC have indicated they will work with businesses regarding the payment of tax using payment plans.

Business Rates

Eligible retail, hospitality and leisure properties in England will continue to benefit from 100% relief until 30 June 2021.

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