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Coronavirus - Loans, Grants & Tax - Small Businesses


Here’s a quick summary of the sort of practical help notified this afternoon by the Chancellor. Together with a reminder of some useful tax rules which may also help with your cashflow.

Business Rates:

No rates payable for 12 months for any business in the retail, hospitality or leisure sectors.In those sectors, if your rateable value is less than £51k, you'll also receive a cash grant of up to £25,000.Any business which gets small business rates relief, will receive a cash grant of £10,000 (increased from £3,000 announced in the Budget).

Government Backed Loans:

 

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