Over the past few weeks, the government has introduced a collection of unprecedented measures designed to assist those affected by the coronavirus crisis. With daily updates, changes and regulations, this can soon become confusing and knowing what you could be entitled to is easier said than done.
We have good news, the government has taken steps to point you in the right direction. We’ve taken a closer look at this, keep reading to find out more.
What has been launched?
The government has launched a new support finder tool, designed to provide tailored information on which measures you could be entitled to. The tool is in the form of an easy questionnaire and will only take you a few minutes to complete.
What questions need to be answered?
In order to determine what support is available to you, you’ll need to answer a short set of questions. These include the following:
- The country you live in
- How many employees your business has
- Your annual turnover
- PAYE scheme participation
- Your employment status
- The sector of your business
- Your Self Assessment status
Questions with a numerical value, such as the number of employees in your business and your annual turnover, are split into tiers so you won’t need an exact figure. Estimates are fine for this tool – and will make the process even quicker.
How does the tool work?
Once you have answered the above questions, the tool will assess your answers against the eligibility criteria for the various support schemes on offer. You will be given a list of support measures that you may be eligible for, along with further information and next steps if you want to find out more.
Your accounting partner
As well as the support measures put in place by the government, as your accounting partner we believe it’s our role to provide additional guidance and support if you need it. If you have any queries, please do not hesitate to get in touch.