COVID-19 advice and updates
for SMEs and the self-employed

COVID-19 SMEs and self-employed

Most government support packages have now ended. However, there is still a small amount of help out there. This page summarises what's still available for SMEs and the self-employed.

COVID-19 INFORMATION FOR BUSINESS

Help with finances / cashflow

RECOVERY LOAN SCHEME (EXTENDED TO 2024)
This replaces the Bounce Back Loan Scheme and the Coronavirus Business Interruption Loan Scheme (CBILS). Recovery Loans are 80% guaranteed by the government. Viable, UK businesses can take out loans and overdrafts between £25,001 and £10m or invoice / asset finance between £1,000 and £10m. More details are here.

Help with business rates

HELP FOR RETAIL, HOSPITALITY & LEISURE BUSINESSES
If your business is in the retail, hospitality and leisure industry, then you could qualify for business rates relief for the tax year 2022/23. More details available here.

 INFORMATION FOR THE SELF-EMPLOYED

1. 1. INCOME TAX
      If you are having problems paying your Income Tax bill, you may be able to arrange a 'Time to Pay' agreement with HMRC. You can find out more about these agreements here.