COVID-19: Our Response
March 17, 2020
In light of the recommendations set out by Boris Johnson following the COBRA meeting yesterday, it has been recommended that all Pomegranate team members are to work from home until further announcements are made.
We would like to reassure all our clients that in our eyes it is business as usual and ALL members of staff will be contactable via email and our office phone line.
The government have set out a package of £12 billion to support public services, individuals and businesses from the disruption which will be caused by COVID-19.
Statutory Sick Pay (SSP) will now be available for individuals who are self-isolating due to Government advice. In addition SSP will be available from day 1 rather than day 4 for affected individuals.
In light of this the government have brought in measures to support small and medium sized businesses by allowing them to reclaim SSP due to absence from COVID-19. This will cover up to two weeks SSP paid for businesses with less than 250 employees as of 28 February 2020.
The government are increasing the Business Rates retail discount to 100% for one year and expand to the leisure and hospitality sectors, the discount for pubs will be increased to £5,000.
An additional £2.2 billion is being provided to support small business who pay little or no Business Rates due to Small Business Rate Relief (SBRR), this will provide a grant of £3,000 to 700,000 small businesses eligible for SBBR.
All businesses may be eligible for support for assistance with their tax affairs through the governments Time to Pay service which will be assessed on a case by case basis.
A new COVID-19 helpline has been set up with 2,000 experienced call handlers available to support when needed. We have extensive experience of dealing with HMRC, please contact us for assistance.
Temporarily a Coronavirus Business Interruption Loan Scheme will be launched to help businesses access bank loans and overdrafts, the government will be supporting this by providing a guarantee of 80% on each loan to give lenders confidence in continuing to support SME’s.
Our sister company Pomegranate Commercial Finance will be on hand to assist with any queries you have regarding funding requirements, please contact Craig Simpson on 07900 497 222 or
We would like to re-assure you that we are still on hand to support you through this difficult time, for any queries about any of the above or any accounting queries in general please don’t hesitate to contact us.