Contact Us

Due to the increase in the Covid-19 infection rate, the Government is reviewing its guidance to local authorities to support businesses in the new Tier 4 lockdown category.  

It is anticipated that Local Restrictions Support Grants (LRSG) will be in line with the level of support for businesses required to close during the previous lockdown period. 

The Government has advised that all Tier 4 businesses required to close will be eligible for grants of up to £1,500 for each 14-day period of closure. Grants will be administered by local authorities. We anticipate grants for eligible businesses could be available as follows: 

  • For eligible properties with a rateable value of £15,000 or under, grants to be £667 for each 14-day period the business is closed
  • For eligible properties with a rateable value of between £15,000-£51,000 grants to be £1,000 for each 14-day period the business is closed
  • For eligible properties with a rateable value of £51,000 or over grants to be £1,500 for each 14-day period the business is closed  

Eligible businesses could include pubs and what are considered non-essential retail stores which have been forced to close. 

In a welcome development for the struggling hospitality sector, we also understand that some local authorities are set to begin accepting applications for the Christmas Support Payment for wet-led pubs . This could potentially allow them to access a one-off cash grant of £1,000 to support them over the festive period.

Your local authority website will provide the latest details on how to access funding and check you eligibility.

You may also check what coronavirus restrictions apply in your local area here

Need more help?

There are several ways in which we may be able to help. It’s always important to get good advice and that’s particularly true at this present time. If you need help please talk to us on 0800 0523 555 or use our online enquiry form. We can offer initial consultations, advice and support over the phone if you have any concerns about face-to-face meetings.

For our latest COVID-19 news and guidance for your business, visit our dedicated Coronavirus Hub.

 

Date published 23 Dec 2020 | Last updated 5 Jan 2021

This article is intended to inform rather than advise and is based on legislation and practice at the time. Taxpayer’s circumstances do vary and if you feel that the information provided is beneficial it is important that you contact us before implementation. If you take, or do not take action as a result of reading this article, before receiving our written endorsement, we will accept no responsibility for any financial loss incurred.

Choose the right accounting firm for you

Running your own business can be challenging so why not let TaxAssist Accountants manage your tax, accounting, bookkeeping and payroll needs? If you are not receiving the service you deserve from your accountant, then perhaps it’s time to make the switch?

Local business focus icon

Local business focus

We specialise in supporting independent businesses and work with 100,000 clients. Each TaxAssist Accountant runs their own business, and are passionate about supporting you.

Come and meet us icon

Come and meet us

We enjoy talking to business owners and self-employed professionals who are looking to get the most out of their accountant. You can visit us at any of our 409 locations, meet with us online through video call software, or talk to us by telephone.

Switching is simple icon

Switching is simple

Changing accountants is easier than you might think. There are no tax implications and you can switch at any time in the year and our team will guide you through the process for a smooth transition.

See how TaxAssist Accountants can help you with a free consultation

01423 871 870

Or contact us