03 Nov BEIS Coronavirus (COVID-19) – Businesses and Employers Bulletin

Please find below the latest Businesses and Employers bulletin from BEIS:

This bulletin is issued by the Department for Business, Energy and Industrial Strategy and provides the latest information for employers and businesses on coronavirus (COVID-19). All coronavirus business support information can be found at gov.uk/business-support

•    Furlough Scheme Extended and Further Economic Support Announced
•    Investment in green recovery
•    The UK Transition: time is running out

Furlough Scheme Extended and Further Economic Support Announced 

The Chancellor of the Exchequer announced on Thursday 5 November 2020, the extension to the Coronavirus Job Retention Scheme (CJRS), also known as the ‘furlough scheme’, to the 31 March 2021. For claim periods running to January 2021, employees will receive 80% of their usual salary for hours not worked, up to a maximum of £2,500 per month. The policy will be reviewed in January to decide whether economic circumstances are improving enough to ask employers to contribute more. The Job Support Scheme is postponed.

For more information, click here. 

 Check to see the updates on: 

For information on claiming for wages through the scheme click here.

Investment in green recovery 

The government are investing £134 million in UK businesses to support innovative green businesses during the coronavirus pandemic and to encourage a green recovery. For more information, click here.

The UK Transition: time is running out

With just 56 days to go until the UK’s new start, attend one of our sector specific webinars to help prepare your business.

  • Providing services in the EU: professional qualifications, audit and accounting, and legal services – 11am, Wednesday 11 November, and then on demand – register here. 
  • Chemical regulations – 11am, Thursday 12 November, and then on demand – register here.  
  • Using personal data from 1 January 2021 – 11am, Wednesday 18 November, and the on demand – register here.

Watch other sector specific webinars on demand here and register for all transition webinars here.

For the latest transition information direct to your inbox, sign up to the Transition Readiness Business Bulletin here.

A message from the Business Secretary: Are you ready to trade in goods with the EU after 31 December 2020?

I know just how difficult the national restrictions announced over the weekend will be for many businesses. As a Government, we are determined to help you get through this challenging time.

At the same time, I urge you to prepare for the future trading relationship in two months’ time. The transition period is ending on 31 December and there will be no extension. If you trade goods with the EU, the rules will change and there are actions to take now. Time is running out and getting ready can take longer than you think.

Regardless of whether we reach a trade agreement with the EU, from 1 January new rules will apply for any trade with Europe. You will need to:

  • make customs declarations for any goods moved between Great Britain and Europe;
  • pay the relevant tariffs on any goods moved between Great Britain and Europe; and,
  • follow new processes for moving any goods into Northern Ireland from Great Britain.

If you’re a VAT registered trader, you will also receive a letter in the next few days from HMRC explaining what you need to do to prepare. You can find all recent HMRC letters to VAT registered traders on GOV.UK.

Help is available, and as Business Secretary, I urge you to:

You can find out what other actions you may need to take by visiting gov.uk/transition and using the checker tool.
The Government will continue to provide the sector-specific information and general support to walk you through the changes. All previously recorded webinars are available on demand now.

If you do not take action, there is a risk your business operations will be interrupted.

This has not just been a tough year, but the toughest of years. I want to take the opportunity to thank you for everything you are doing to ensure a smooth end to the transition period. As a Government, we are determined to help you get through this challenging time and take advantage of the new opportunities that being an independent trading nation will bring.

Yours sincerely,

Rt Hon Alok Sharma MP

Secretary of State for Business, Energy & Industrial Strategy

Angela Mason
Angela Mason
angelamason@cmfed.co.uk