This is a challenging time for businesses. The council has provided the latest guidance from government and partners below.
This is an ongoing situation so be aware the guidance could change at short notice.
We want to ensure that the voice of Enfield business is represented to the Government. Please share your stories about how this challenge is affecting you, your staff and your community, so we can effectively lobby the Government and reflect on what support we can provide.
The Government has set out a package of temporary measure to support businesses in response to disruption caused by COVID-19. Below is a summary of the latest guidance to help business plan and consider their next steps.
The Government has released guidance concerning the Small Business Grant Fund and the Retail, Hospitality and Leisure Grant Fund.
If you were registered to pay business rates on the 11 March 2020, then you will qualify for:
For further information and to apply please visit our business and licensing page.
Under the Coronavirus Job Retention Scheme, all UK employers with a PAYE scheme will be able to access support to continue paying part of their employees’ salary for those that would otherwise have been laid off during this crisis. Government grants will cover 80% of the salary of retained workers up to a total of £2,500 a month.
The Government will bring forward legislation to allow small and medium-sized businesses to reclaim Statutory Sick Pay (SSP) paid for staff sickness absence due to coronavirus.
The Self-employment Income Support Scheme (SEISS) will support self-employed individuals (including members of partnerships) whose income has been negatively impacted by COVID-19.
Businesses affected by coronavirus can access bank lending and overdrafts via a Business Interruption Loan. For loans up to £5 million, the Government is providing a guarantee of 80% for each loan.
In addition to over 1,900 business in Enfield that already pay no business rates due to full small business rate relief, the Government has introduced a business rates holiday for all retail, hospitality and leisure businesses for the 2020 to 2021 tax year. This has also been extended to include estate agents, letting agents and bingo halls.
The council will automatically identify eligible businesses for the enhanced relief and reissue your business rates bill. Direct debits due to be taken for eligible businesses from 1 April 2020 have been stopped.
If you’re concerned about your business rates account, contact the team on 020 3821 1946.
All businesses and self-employed people in financial distress, and with outstanding tax liabilities, may be eligible to receive support with their tax affairs through HMRC’s Time To Pay service.
To find out more, visit Business Support GOV.UK.
The Government will support businesses by deferring Valued Added Tax (VAT) payments for three months.