Coping with the financial impacts of coronavirus

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Business West provides answers to a range of widely asked questions to assist businesses, employers and employees in coping with the financial impacts of the coronavirus outbreak.

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LAST UPDATED: 26th March 2020 13:06

  • What should we do if we can't pay our tax bill on time due to coronavirus?

  • I am a foreign business with HQ in the UK. Do I benefit from Time To Pay?

  • Am I covered by insurance? What would it be called?

  • What grant funding is available for businesses without physical premises?

  • Do I still need to pay my business rates bill?

  • Existing customers aren’t paying their bills, what can I do?

  • Orders have dried up, no customers coming in… what do I do?

  • What support is available to businesses to pay Statutory Sick Pay costs for my employees who can’t work because of coronavirus?

  • I won’t be able to afford my mortgage, what should I do?

  • What are the banks doing, supposedly have funding? How do I access it?

  • How can I access the £10,000 grants for small businesses?

  • Will my business insurance cover coronavirus?

  • Can I claim business interruption insurance?

  • How would business failure work for different types of company?

  • I won’t be able to pay the rent, what do I do?

  • I am a small business concerned about not being paid, what should I do?

  • What is force majeure?

  • How do I access the £25,000 grant for retail, hospitality or leisure businesses?

  • What is VAT deferral and does it apply to my business? 

  • What is the Business Interruption Loan Scheme? Am I eligible? How can I access it? 

  • How do I plan for my cash flow?

  • Do you have any advice for the self-employed?

  • What is the Self-employment Income Support Scheme and how do I access it?

  • Why does the self-employment income support scheme not cover small businesses who are incorporated?

  • Is the Self-employment Income Support Scheme subject to tax?

  • What should self-employed people do while they wait to be paid from the self-employment income support scheme?

  • What happens to self-employed individuals whose 2018/19 profits are very different to what they would have expected to make this year?