15 Point Business Action Plan Coronavirus COVID 19

1. Stay Safe Your business definitely won’t survive if you don’t! 2. Try not to panic Time wasted reality may not be as bad as the anticipation 3. Check Insurance Policies You may have cover 4. Small Business rates relief grant Apply now if you should be on business rates such as Serviced Accommodation or holiday lets £10,000 automatic Retail hospitality and leisure £25,000 if Rateable value £15-£51k 5. Business rates holiday Retail hospitality and leisure and nurseries 6. Furlough Employees 80% of wages paid via payroll up to £2500pm Don’t reduce all hours? Take HR advice SSP for employees isolating - less than 250 employees refunded 7. Mortgage Holiday Speak to your lender For buy to let pass benefit to tenant 8. Speak to your Landlord See if they will consider a rent deferral period 9. Time to pay arrangement a. PAYE, VAT, Corp Tax Phone 0800 0159 559 10. VAT and SA Deferral VAT due between 20 March and 30 June deferred until up to 5 April 2021 Self assessment payment 31 July deferred to 31 January 11. Apply for benefits If self employed, universal credit or employment support allowance Further measures? 12. Business Debt Speak to your lender if struggling to pay 13. Government Backed Loans Speak to your bank or visit https://www.british-business-bank.co.... 14. Stop all non-essential spend Self explanatory 15. Keep updated Watch daily updates. CBI are running daily Access to Finance webinars which may be useful visit https://www.cbi.org.uk/events/daily-c...