ERF Support and SEISS

Sector Specific Support (ERF)

The ERF Sector Specific Support package is for Hospitality, Tourism and Leisure businesses or supply chain companies who are materially impacted with a greater than 60% impact of turnover as a result of the restrictions.  

Your business will need to be a VAT registered, limited company with turnover above £50,000 and employing staff via PAYE.

How to access the ERF Sector Specific Fund: 

A triage tool will be available on the Business Wales website by the 11th December for businesses to check their eligible for the fund and the fund will open to applications on the week commencing the 11th January.

This information is from the Business Wales website.
 

Restrictions Business Fund (ERF)

The purpose of the fund is to support Hospitality, Tourism and Leisure businesses into the new year with cash flow support to help you survive the economic consequences of the restrictions put in place. 

Hospitality businesses who received the Lockdown Business Grant in October via your Local Authority will begin receiving payments via the ERF Restriction Fund into your bank account during December. You will not be required to re-register your details.

For all other eligible businesses to receive any of the ERF Restrictions Fund, you will need to register your details, as well as make a short on-line application to your respective local authority for the discretionary elements. These payments will start to reach businesses in January.

The details of the grants can be found here.

Applications will be dealt with on a first come first served basis. This may lead to applications not being appraised after they have been submitted if the fund is fully committed.


 Other Changes 

SEISS 3 

The criteria for claiming the third phase of Self Employed Income has changed. You must now confirm that you are:

  • currently trading and will be “impacted by reduced demand”; or
  • has been trading but the business is temporarily closed due to coronavirus.

You must also confirm you are:

  • intending to continue to trade; and
  • You reasonably believe that the impact on your business will cause a significant reduction in your trading profits due to reduced business activity, capacity or demand, or inability to trade due to coronavirus during the period 1 November 2020 to 31 January 2021.

CLICK FOR MORE DETAILS  

Furlough Changes *Update*

In an effort to deter fraudulent claims, HMRC have made 2 new changes to furlough.

  1. They will publish information about employers who claim for periods starting on or after 1 December 2020
  2. They will improve the information available to furloughed employees by including the details of claims made for them on the employees Personal Tax Account on GOV.UK.

For more information on how this information will be published, click here.

Original Information
Also from 1st December you can no longer claim furlough pay for employees serving notice, 

HMRC Advise:
For claim periods starting on or after 1 December 2020, you cannot claim for any days on or after 1 December 2020 during which the furloughed employee was serving a contractual or statutory notice period for the employer (this includes people serving notice of retirement or resignation). If an employee subsequently starts a contractual or statutory notice period on a day covered by a previously submitted claim, you will need to make an adjustment.

Therefore since 1st December the total cost of the notice period is payable by the employer.


January Changes 

Due to our exit from the EU, if your business involves the EU you will need to make changes for January 1st. The government has sent out letters advising how to start making those changes and that there will be no extensions, so your business will be interrupted if you haven’t taken the necessary precautions.
Click here to download a copy of the letter. We suggest you keep a copy for reference.

Stay Safe Stay Healthy

Return to newsletters