Helping you through Lockdown 3

Whilst we were hoping for a more positive start to 2021, we are as committed as ever to supporting our clients through the new lockdown and beyond.

Having considered last night's announcement and reviewed the latest lockdown guidance, we are legally permitted to keep our office 'open' on a COVID secure basis with a team of skeleton staff onsite to maintain as smooth a service as possible, whilst the rest of our staff work from home.

We feel that this is especially important bearing in mind the January tax return deadlines and clients who need to pick up and drop off records at the office will be able to do so.


 

New grant support

In terms of additional business support measures, the Chancellor has announced a "one-off top up grants for retail, hospitality and leisure businesses through Spring".

It's important to note that the grants seem to apply only to businesses which pay business rates for a property and "closed" businesses, which may need further clarification. Also, a £594m discretionary fund has been made available to support other impacted businesses.

The new grants are as follows:

  • £4,000 for businesses with a rateable value of £15,000 or under;
  • £6,000 for businesses with a rateable value between £15,000 and £51,000;
  • £9,000 for businesses with a rateable value of over £51,000.

For further details of the grants and how to claim, please refer to the Gov.uk website here.

Further help

The new grants are in addition to business rates relief and the Flexible Furlough Scheme, which has been extended until 30 April 2021.

As always, we will be keeping a close eye on developments and if any new support measures are announced, we'll publish further guidance once we know the details.

For further advice or if you would like help with the grant claim process itself, then please call us on 01225 325580, email info@richardsonswift.co.uk, or contact your usual client director.

Please note that this is only a summary of the main issues and should not be construed as advice. Every effort has been made to ensure factual accuracy at the time of publication (5 January 2021), however, the government response to the Coronavirus situation is changing 24-7 so should be not be relied upon completely.