Vale & West Chartered Accountants Blog

Category Archives:Covid-19 – Businesses

Covid-19: Portal now OPEN to claim Statutory Sick Pay Rebate

Small businesses whose staff were off sick with the coronavirus can now claim Statutory Sick Pay (SSP) refunds, it has been announced. Read More

Plan B – What does it mean for you and your business?

As infection rates of the Omicron COVID-19 variant rise across the UK, the Government has decided to implement its Plan B measures to restrict the spread of the virus.

Although this announcement was expected, and details of it widely publicised beforehand, here is what you need to know:

  • The return of work from home guidance – From Monday (13 December), office workers should work from home, where possible, to reduce the number of people they come into contact with. Anyone who cannot work from home, due to the requirements of their employment, should continue to go into work. 
  • Mandatory Covid-status certificates in certain settings – From next Wednesday (15 December) ‘Covid passports’, demonstrating that a person has been vaccinated and taken a negative lateral flow test, will be required to enter some indoor and larger outdoor venues, including:
    • nightclubs
    • unseated indoor events with more than 500 attendees
    • unseated outdoor events with more than 4,000 guests
    • large outdoor events with crowds of more than 10,000 people.

A full list of conditions for this requirement can be found here.

  • Mandatory face coverings in more locations – From 9 December, the rules on face coverings will be extended to hospitality venues, such as cinemas, theatres and places of worship. However, they won’t be needed in places "where it is not practical to wear one", like when eating, drinking or exercising.

At present, the Government hasn’t given any indication of additional financial support to help businesses with these rules.

However, these new measures for England are much less stringent than those announced last winter and many similar rules are already in place in Scotland, Wales and Northern Ireland.

While certain industries may experience a greater impact due to these changes, early indications are that the wider economy should be less affected due to the preparedness of many businesses.

Here for you

It is understandable, given the events of the last few years, that you may have concerns about the latest restrictions.

We just want to reassure you that whatever happens we are here and ready to offer our support, so let us know if you have any concerns.

Workers claiming Working Tax Credit urged to update their hours

Workers in receipt of Working Tax Credit (WTC), have been urged to check if they need to update their working hours. Read More

Company insolvencies: over 8,700 chain stores have closed

Recent research shows that in 2021, over 8,700 chain stores have closed due to the major shift in online shopping – partly caused by the coronavirus pandemic. Read More

Final furlough figures published before end of scheme

As the furlough scheme comes to an end, the latest figures have revealed that almost 12 million workers in England, Wales, Northern Ireland and Scotland have been supported by the Coronavirus Job Retention Scheme (CJRS) since its launch last year. Read More

Business leader calls for action on skills to support the recovery

The boss of one of Britain’s most influential business organisations has called on the Government to take action to make sure the UK’s economy does not stall because of labour shortages.

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New guidance for partnerships claiming fifth SEISS grant

HM Revenue & Customs (HMRC) has clarified its guidance for members of partnerships claiming the fifth Self Employment Income Support Scheme (SEISS) grant.

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Economic boost as record borrowing levels slashed

There was more good news on the economy as we emerged from lockdown, with official figures showing UK borrowing had been slashed in July, compared with the same period last year.

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Sole traders “disproportionately impacted” by coronavirus pandemic

Just four in 10 sole traders have returned to pre-pandemic levels of trading despite Covid-19 restrictions being lifted, a major study has revealed.

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Staff shortages: increased wages to entice workers could mean higher prices for customers

Due to the ongoing staff shortages caused by the pandemic, UK restaurants have had to increase employee wages to entice chefs and waiters – which could mean higher prices for customers.  Read More

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