Coronavirus Resources & Daily Updates

We understand these are challenging times, which is why we've compiled a list of resources and daily updates relevant to businesses in the UK.

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The COVID-19 pandemic brings many challenges

That’s why we’ve compiled a list of key coronavirus resources to help businesses find the information they need.

From supporting employees right through to understanding insurance policies, we’ve supplied links to information and advice that will be regularly updated to reflect any changes.

At the end of this article we’ve also included a round-up of key updates for businesses, sharing daily news and the latest information.

Coronavirus Resources For Employers and Employees

Full guidance for businesses and premises that need to close 

https://www.gov.uk/government/publications/further-businesses-and-premises-to-close

Government guidance for employees, employers and businesses

https://www.gov.uk/government/publications/guidance-to-employers-and-businesses-about-covid-19

ACAS advice for employers and employees

https://www.acas.org.uk/coronavirus

CIPD advice for UK employers

https://www.cipd.co.uk/knowledge/fundamentals/emp-law/health-safety/coronavirus-factsheet 

Guidance on social distancing

https://www.gov.uk/government/publications/full-guidance-on-staying-at-home-and-away-from-others/full-guidance-on-staying-at-home-and-away-from-others 

Coronavirus Resources - Insurance

Are you covered if coronavirus impacts your business?

https://www.romeroinsurance.co.uk/news/coronavirus-impact-business/ 

BIBA updates

https://www.biba.org.uk/corona-virus-updates/ 

FCA advice

https://www.fca.org.uk/coronavirus

Changes to business descriptions

If there are any changes (either temporary or permanent) to how your business will operate in the coming weeks, months or even years you must let us know. Any changes to your business description must be declared to us so we can update your insurer, and keep your policy accurate to maintain your cover.

Coronavirus Daily Updates

26 March

Self-employed Support

The Chancellor announces unprecedented support for the self-employed, bringing financial benefits to the self-employed in line with those who are employed in response to the crisis.

Self-employed staff with an average annual trading profit of £50k or less, will be able to claim 80% of their profits up to the value of £2.5k per month for three months.

Timing of the payments is still to be finalised, but it is likely that three months will be paid in one lump sum in June for all three months backdated to March.

HMRC will right to all those eligible, outlining how individuals can access the fund.

Find out more.

Tax Helpline

HMRC has launched a Tax Helpline, supporting self-employed and businesses with tax payment issues caused by COVID-19.

The helpline allows any business or self-employed individual who is concerned about paying their tax due to coronavirus to get practical help and advice such as:

  • agreeing an instalment arrangement
  • suspending debt collection proceedings
  • cancelling penalties and interest where you have administrative difficulties contacting or paying HMRC immediately

You can access the helpline by calling 0800 024 1222.

Find out more.

23 March

The Prime Minister Boris Johnson announces strict new measures to protect people from the potential spread of COVID-19.

People should only leave home for one of four reasons:

  • To shop for essentials
  • To exercise once a day (alone or with people you live with)
  • For medical reasons, or to care for a vulnerable person
  • Travelling to and from work where absolutely necessary

The statement also advised the public to stay at least 2m away from people at all times, aside from people they live with. Businesses not providing an essential service were told to close and all social events have been officially stopped (aside from funerals).

To read the Prime Minister’s statement in full click here.

20 March

The Chancellor announces a greater extension of support available to businesses and individuals through measures such as:

  • Job Retention Scheme
  • Deferring of VAT & Income Tax payments
  • Statutory Sick Pay Relief Package
  • 12 months business rates holiday for SMEs
  • Small business grants of £10,000
  • Grant funding of £25,000 for retail, hospitality & leisure with a rateable value between £15,001 & £51,000.
  • Business Interruption Loan Scheme with loans of up to £5m for SMEs

The full list of measures and how to access them can be found here.

19 March

HM Treasury releases how to access the government’s financial support if you or your business has been affected by COVID-19.

Discover how your business can access funding here.

19 March

HM Government updates the Coronavirus (COVID-19) guidance for employees, employers and businesses.

The update includes information regarding healthcare advice for employers and further support for businesses.

Guidance for employers and businesses includes:

  • Wherever possible, businesses and workplaces should encourage their employees to work at home
  • If someone becomes unwell in the workplace with a new, persistent cough or a fever, they should be sent home and advised to follow the advice to stay at home
  • Employees should be reminded to wash their hands for 20 seconds more frequently and catch coughs and sneezes in tissues
  • Businesses should frequently clean and disinfect objects and surfaces that are touched regularly
  • Those who follow advice to stay at home, but cannot work from home, will be eligible for statutory sick pay (SSP) from the first day of their absence from work
  • Employers should use their discretion concerning the need for medical evidence for certification for employees who become ill. Those with symptoms of coronavirus, or those who live with someone who has symptoms, can get an isolation note from NHS 111 online
  • Employees from defined vulnerable groups should be strongly advised and supported to stay at home, working from home where possible

17 March

The Chancellor sets out targeted, temporary measures to support the countries public services, people and businesses through the disruption caused by COVID-19.

Included in these plans are measures to boost business through:

  • A statutory sick pay relief package for SMEs
  • A year long business rates holiday for all retail, hospitality and leisure businesses in England
  • Small business grant funding of £10,000 for all business in receipt of small business rate relief or rural rate relief
  • Grant funding of £25,000 for retail, hospitality and leisure businesses with property with a rateable value between £15,000 and £51,000
  • Launch of the Coronavirus Business Interruption Loan Scheme offering loans of up to £5 million for SMEs through the British Business Bank
  • A new lending facility from the Bank of England to help support liquidity among larger firms, helping them bridge coronavirus disruption to their cash flows through loans
  • HMRC Time To Pay Scheme

16 March

PM Boris Johnson announces guidance on social distancing measures for everyone in the UK to help prevent the spread of COVID-19. These measures include:

  • Avoid contact with someone who is displaying symptoms. This includes a high temperature and/or new and continuous cough
  • Avoid non-essential use of public transport, varying your travel times to avoid rush hour
  • Work from home, where possible. Businesses were also encouraged to support employees to be able to do this
  • Avoid large gatherings, and gatherings in smaller public spaces such as pubs, cinemas, restaurants, theatres, bars and clubs
  • Do not attend social gatherings with friends and family. Keep in touch using remote technology such as phone, internet, and social media
  • Use telephone or online services to contact your GP or other essential services

The statement goes on to say everyone where remotely possible should be trying to follow these measures.

Can we help your business?

If you have any specific questions, please contact your Account Executive.

Have you spotted a key online resource you think should be included in this piece? Get in touch with the team and we’ll happily add it.

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