coronavirus what can i actually claim

Coronavirus: What Can I Actually Claim?

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Suffering from information overload?

 

The constantly evolving guidance for financial support available to businesses and the self-employed during the Coronavirus pandemic has led to confusion, frustration and worry for a lot of people.

We have condensed all the available information for Limited Company Directors, the Self-employed and members of Partnerships into the following, easy to understand fact-sheets.

These documents outline what financial support you may be entitled to as a Limited Company Director or as a Self-employed person/ member of a Partnership.

They include the eligibility criteria and how to access the schemes; all written in easy to understand, straight-forward language.

We have also produced a guide to Furloughing and claiming wages under the Coronavirus Job Retention Scheme as well as a Universal Credit Fact-sheet. 

 

Update 21st April

The Government has launched a new ‘support finder’ tool which will help businesses and self-employed people across the UK to quickly and easily determine what financial support is available to them during the coronavirus pandemic.

See: https://www.gov.uk/business-coronavirus-support-finder

 

So what support is actually available?

 
 
I am a Limited Company Director:

You may be eligible for the following…

1. Furloughing through the Coronavirus Job Retention Scheme (CJRS)
2. Universal Credit
3. VAT Deferral
4. Income Tax Self-Assessment Deferral
5. Coronavirus Business Interruption Loan Scheme
6. Support if you have business premises (rates relief & taxable grants)

Our fact-sheet will help you identify what you can claim and how you can claim it.  

Download financial support fact-sheet for Ltd Co. Directors

 

 
I am Self-Employed / a member of a Partnership

You may be eligible for the following…

1. Self-Employment Income Support Scheme
2. Universal Credit
3. VAT Deferral
4. Income Tax Self-Assessment Deferral
5. Coronavirus Business Interruption Loan Scheme
6. Support if you have business premises (rates relief & taxable grants)
7. Employee job retention scheme: if you have other employees

Our fact-sheet will help you identify what you can claim and how you can claim it.  

Download financial support fact-sheet for Self-employed & Partnerships

 

 

I am an Employer and want to furlough employees. Who can I furlough and how do I claim wages?

This document gives an overview of the scheme, who can be furloughed and includes a furlough status letter template. 

Download Furloughing Employees and Claiming Wages through the CJRS fact-sheet.

Download the Furlough Capture Form

 

Guidance from Gov.uk

Coronavirus Job Retention Scheme: step by step guide for employers

 

I’ve never applied for Universal Credit before. What do I need to do?

The Minimum Income Floor has been temporarily relaxed during the Coronavirus outbreak. This change applies to all Universal Credit claimants and will last for the duration of the outbreak.


You can apply for universal credit if you or your partner do not have more than £16,000 of savings (anything over £6,000 will reduce what you are eligible to receive.)


You can do this even if you furlough yourself. In some cases Universal Credit payments can be getting on for above £1500 a month and this is not taxed. If you are eligible to be furloughed and able to access Universal Credit we recommend applying for both as you will generally be better off.

 

Resources:


Universal Credit Calculator
Universal Credit Fact-Sheet

 

 

The Rawcliffe & Co team is available via phone or email Monday to Thursday 9-5pm and 9 – 4:30pm on Fridays.

Tel: 01253 798812
Email: info@rawcliffeco.com