Information about the Coronavirus grants and support available to businesses, employers and the self-employed from the UK Government.
We have included some practical advice about coping with the financial impacts of the Coronavirus pandemic to help get through the challenging financial time for many.
Government rules and support are frequently changing or updating. We recommend visiting the .Gov page for the latest information.
T4 Coronavirus Update & Information
T4, Practical, Accounting, Tax & Business Solutions
Our T4 Page with some of the main links to where to find HMRC & Government Guildance & Regulations.
Covid-19 rules, guildance and latest statistics.
The Governments “Guidance and Rules” sections will lead point you to the latest rules in your area or region of the UK.
Gov.uk Latest News abot Covid-19
What are T4 doing about Coronavirus?
At T4 we are doing our best to help our clients through the Coronavirus pandemic as best as possible and we as a firm are also doing what we can to try and stop its spread.
All our staff are working from home.
All meetings & contact are being conducted via telephone, video chat or screen sharing, email, and WhatsApp.
We are encouraging people to remain calm, considerate to others and to do what they can to protect & support those in our society that are more at risk of serious illness, i.e. the elderly or others with immune systems or health issues less able to cope with the virus.
We are doing our best to support clients through the Coronavirus pandemic such as no extra charges for Cononavirus related issues. In tough times we don’t want to make it tougher.
If we all work together, focus on beating this virus, focus on a calm sensible business, social and economic planning even in such difficult times we are sure we can all come out the other side stronger, wiser and more determined to achieve our goals.
It can be very frustrating trying to find the right information and also trying to get through to organisations such as HMRC, local councils, GP Surgeries, and others. Please always try to remember that we are all in the same boat one way or other and “You catch more flies with honey“. Always try to be polite, patient and understanding that the person you are speaking to is likely to have a host of Coronavirus problems they are also trying to juggle themselves.
Tax & Covid-19 - Having Trouble Paying Taxes?
If you are having trouble paying Income Tax, Corporation Tax, VAT or HMRC collected taxes HMRC has a dedicated Coronavirus helpline:
0800 015 9559
Monday to Friday, 8am to 8pm
Saturday, 8am to 4pm
Also if you cannot pay your Self Assessment tax bill and owe less than £10,000 you might be able to arrange to pay by instalments via an online application form.
You do not need to contact HMRC if you have set up a payment plan online.
Call the helpline if you’ve missed your payment date or you cannot use the online service.
To apply online you will need to login to your Gov Gateway account.
If you don’t have a Gov Gateway account you can apply for one using the “create sign in details” link within the “Sign In” link below:
Council Tax & Business Rates
Contact your local council for help and advice about business rates and council tax:
COVID-19: Support for Businesses
Gov.uk informatation and support for businesses
COVID-19: Support for Employers
The Chancellor has set out a package of temporary, timely and targeted measures to support public services, people and businesses through this period of disruption caused by COVID-19.
The following link is a new website for businesses.
Covid-19 Support for Employees
The Government is implementing support and reliefs available to employees for situations where employers are struggling continue employment roles and other financial difficulties caused by the Coronavirus.
Follow the link at the end of this list for the latest Government Guidance for employees about:
Information and links for employees.
However if you are renting seen “Landlords & Tenants” below and you may want to take a look at the employers sections as to how they affect you as the employee.
Covid-19 Support for the Self-Employed
The Government is advising Self-Employed individuals that are affected by the Coronavirus pandemic to claim Universal Credit (UC) and have increased the rate of UC due to the Covid-19 outbreak.
Self Employed - Coronavirus Self-employment Income Support Scheme (CSISS)
This is how it works:
- HM Revenue and Customs (HMRC) will use existing information to identify those eligible and will invite applications
- The application will require them to confirm that they meet the eligibility requirements
- It will be paid straight into a bank account, which eligible taxpayers will need to confirm on their application form
How many people are affected?
There are more than five million self-employed people in the UK, earning an average of £781 a month. The number has risen fast since the financial crash of a decade ago.
Accordingly to the Office for National Statistics (ONS) approximately a fifth are in the construction sector.
Covid-19 - Landlords & Tenants
- Emergency legislation to suspend new evictions from social or private rented accommodation while this national emergency is taking place
- No new possession proceedings through applications to the court to start during the crisis
- Landlords will also be protected as 3 month mortgage payment holiday is extended to Buy to Let mortgages
Other practical things to consider that might help?
The following is a list of outgoings that most people will incur monthly or more frequently and some suggestions as to what to consider doing during the current Coronavirus pandemic.
If your income has dropped or ceased altogether we hope the following suggests will help with ways to possibly reduce outgoings that might help get trhough the Conronavirus pandemic.
Government is struggling with the physical, practical and human resource aspects of actually getting financial support to business and individuals so hopefully some of these ideas or practical measures below might well help get us all through Coronavirus financially and physically as health as possible.
Mortgage, Rent & Other Finance Costs
Tenant evictions have been banned during the three months from 19 March 2020 (date of the announcement) so you should be safe from eviction and many lenders are being flexible about “payment holidays” on mortgage and finance arrangements.
Remember that deferring a liability does not mean that the debt or liability goes away altogether. In the vast majority of cases you will simply be deferring payment until a later date. This may incur additional interest or other costs in the long run.
Paying some things late may well also still affect your credit rating or lead to other problems later. This is more likely to be the case if you have not made a prior arrangement with your lender, bank, credit card, car finance company, other finance company or landlord.
However, as soon as you know you may have trouble paying your rent or mortgage on time speak to your landlord or mortgage lender, or other provider to keep them informed of your financial circumstances in these exceptional times.
Most mortgage lenders are offering “mortgage holidays” for up to three months and Landlords and Tenants may be able to negotiate measures that will either give tenants extra time to pay, e.g. a rent holiday with an increased rent later to catch up with rent over an extended period of time after the “holiday” period.
Don’t leave it until after a problem in paying has occurred, warn your lender, bank, finance company or landlord as soon as you know you wil have trouble paying due to loss of a job or reduced income due to the Coronavirus pandemic.
Council Tax, Gas, Electricity & Water Rates
Suppliers and providers will be aware of Government Guidance and the loss of jobs due to the current virus pandemic and may be more sympathetic about delayed or temporary reduced payments. Many are facing their own challenges due to the virus.
Don’t leave it until after a problem in paying has occurred, warn your supplier or provider as soon as you know you will have trouble paying your bills due to loss of your job or reduced income due to the Coronavirus pandemic.
It is always better to ask than leave it until the problem is bigger.
Food & Groceries
Don’t panic buy food and groceries be considerate to others and the need of others.
Although there may be ways to delay other financial payments and liabilities paying for basic essentials such as food could be more of a challenge.
Personally, I see the next three months as an opportunity to consider my diet, consider what I eat, and reduce my food intake to use the opportunity as an incentive to lose some of the two stone, or so, that I need to lose!
Some people are using this as an incentive to give up smoking that will save money and also help if they were to get the virus!
We may all end up drinking less or no alcohol, especially as the pubs and restaurants are closed at present.
During the Coronavirus pandemic we all need to keep an eye out, and an ear to the ground, for family, friends & neighbours that maybe have lost jobs or income and are struggling to buy food.
For those with no family , friends or neighbours that can help with food there are a number of UK charities that might be able to help.
If you have income or healthy finances, and can afford it, maybe consider a financial donation to some of the UK charities that help people with food shortage problems? Surely this will help many in desperate need during the current Coronavirus pandemic.
Support the Food Banks
Many people might get to the point that they need the help of a Food Bank so we suggest that anyone who can help the Food Banks in whatever way they can should consider doing that.
We are putting our money where our mouth is today and have donated £50.00 to The Trussell Trust.
We aim to make further donations to try and help everyone get through this.
If you are a UK taxpayer “Gift Aid” your donation asnd that way for each £1.00 you give the charity the charity will receive an extra £0.25 from the Government at no extra cost to you.
If you are a higher rate taxpayer you can claim the Gift Aid donation on your tax return and for each £1.00 donated reduce your higher rate tax bill by £0.25.