In September, the government announced further funding for local authorities to assist businesses who were required to close as part of the localised lockdowns which were imposed to attempt to control the spread of COVID-19.
Some businesses in Bolton have now been closed for three weeks, which will now make them eligible for this support. Those that are eligible will have a period of several weeks in which they can claim the money that they are entitled to for the three weeks they were in lockdown.
This funding will allow Bolton Council to dispense grants to businesses that fit the following criteria:
• Eligible business properties with rateable values of less than £51,000 will receive a grant of £1,000 • Eligible business properties with rateable values of £51,000 and over will receive a grant of £1,500 • Eligible businesses with more than one affected property will receive a grant in respect of each property
Business Minister Paul Scully said:
“We understand how difficult it is for businesses required to close as part of localised lockdowns, but we must take action to reduce the spread of COVID-19 while minimising damage to lives and livelihoods.
We have put in place a wide-ranging package of support to help struggling businesses and today’s announcement means Bolton Council can start distributing cash grants to those who need it, helping them through this challenging time.” In addition to this fund, Bolton Council will receive an additional 5% of funding to run a local discretionary grant fund which could be used to support businesses that do not pay business rates and other severely impacted businesses that are prioritised locally.
As with the grants to business-rate paying businesses, this additional top-up grant will be paid every three weeks to businesses where closures persist.
From Saturday 3 October, Bolton will be brought in line with measures in place throughout the rest of Greater Manchester as case rates have fallen.
This will mean that hospitality businesses including bars, pubs, cafes, restaurants can resume table service subject to early 10pm closure and the rule of six restrictions, and other businesses such as bowling alleys, indoor skating rinks, casinos, soft play and conference centres and exhibit halls will also be able to reopen.
Back to Contents
Self-Employed apply online to HMRC to spread the cost 5 October 2020
Self-Assessment individuals can apply online for additional support to help spread the cost of their tax bill into monthly payments from 1 October 2020 without the need to call HMRC.
The online payment plan service can already be used to set up instalment arrangements for paying tax liabilities of up to £10,000, however, from 1 October 2020, HMRC has increased the threshold to £30,000 for Self-Assessment individuals, in the hope to help ease any potential financial burden they may be experiencing due to the current coronavirus pandemic. The increased self-serve Time to Pay limit of £30,000 comes following the Chancellor of the Exchequer’s announcement on 24 September to increase support for businesses and individuals through the uncertain months ahead. As part of his speech, the Chancellor announced that Self- Assessment individuals could pay their deferred payment on account bill from July 2020, any outstanding tax owed for 2019 to 2020 and their first payment on account bill for this current tax year in monthly instalments, up to 12 months, via this self-serve tool. Individuals who need longer than 12 months to settle their tax liabilities are invited to contact HMRC in the usual way.
Financial Secretary to the Treasury, Jesse Norman, said:
The Chartered Institute of Payroll Professionals
Payroll: need to know
cipp.org.uk
Page 143 of 590
Made with FlippingBook - Online magazine maker