Coronavirus Update 24th March 2020

UK Government is issuing frequent updates on its advice to employers which can be seen at

https://www.gov.uk/government/publications/guidance-to-employers-and-businesses-about-covid-19

Government advice for employees can be seen at

https://www.gov.uk/government/publications/guidance-to-employers-and-businesses-about-covid-19/covid-19-guidance-for-employees

Government advice on the temporary restrictions to people’s free movement notified on 23rd March, can be found at

https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/874738/Full_guidance_on_staying_at_home_and_away_from_others.pdf

Government definition of key workers can be seen here and includes workers in the oil and gas sector for educational provision purposes

https://www.gov.uk/government/publications/coronavirus-covid-19-maintaining-educational-provision/guidance-for-schools-colleges-and-local-authorities-on-maintaining-educational-provision

Government support for business includes

  • a Coronavirus Job Retention Scheme
  • deferring VAT and Income Tax payments
  • a Statutory Sick Pay relief package for small and medium sized businesses (SMEs)
  • a 12-month business rates holiday for all retail, hospitality, leisure and nursery businesses in England
  • small business grant funding of £10,000 for all business in receipt of small business rate relief or rural rate relief
  • grant funding of £25,000 for retail, hospitality and leisure businesses with property with a rateable value between £15,001 and £51,000
  • the Coronavirus Business Interruption Loan Scheme offering loans of up to £5 million for SMEs through the British Business Bank
  • a new lending facility from the Bank of England to help support liquidity among larger firms, helping them bridge coronavirus disruption to their cash flows through loans
  • the HMRC Time To Pay Scheme

Further details can be found at:

https://www.gov.uk/government/publications/guidance-to-employers-and-businesses-about-covid-19/covid-19-support-for-businesses