The Government recognises that businesses across the economy face lower demand due to the impact of Covid-19.
The Government has announced unprecedented support for businesses during the pandemic, for which payroll giving organisations are eligible. Measures introduced by the government include VAT relief and loan guarantee schemes. The application deadline for the loan guarantee schemes – Bounce Back Loan Scheme, Coronavirus Business Interruption Loan Scheme and Coronavirus Large Business Interruption Loan Scheme – has been extended to the end of January 2021.
Payroll giving organisations can benefit from the recent extension to the Coronavirus Job Retention Scheme until the end of March 2021. Furloughed employees will receive 80% of their current salary for hours not worked.