answer text |
<p>The Self-Employment Income Support Scheme (SEISS) is helping those that have been
adversely affected by COVID-19, and has already provided over £13 billion of support.
Those not eligible for the SEISS may still be eligible for other elements of the unprecedented
package of financial support available. This package includes Bounce Back loans, tax
deferrals, rental support, mortgage holidays, and other business support grants. All
11 million UK self-assessment taxpayers will also be able to benefit from the recently
enhanced Time to Pay ‘self-service’ facility to form a 12-month, interest-free payment
arrangement for up to £30,000 of self-assessment debt.</p><p> </p><p>Furthermore,
the Chancellor has announced additional funding to support cash grants of up to £2,100
per month primarily for businesses in the hospitality, accommodation and leisure sector
who may be adversely affected by the restrictions in high-alert level areas. These
grants will be available retrospectively for areas which have already been subject
to restrictions, and come on top of higher levels of additional business support for
Local Authorities moving into Tier 3 which, if scaled up across the country, would
be worth more than £1 billion. These grants could benefit about 150,000 businesses
in England, including hotels, restaurants, B&Bs and many more which are not legally
required to close but have been adversely affected nonetheless by local restrictions.</p><p>
</p><p><strong> </strong></p>
|
|