Good morning everyone. I am sat in my office definitely in self isolation, (chalet in the garden).
The present times are very troubling and worrying on many fronts. Firstly our health is paramount and we must all do what is expected of us to ensure our families, friends and the wider community remain healthy.
We have all seen scenes from the media of some ignoring what is required from all of us from the government requests and now their directions.
Dealing with this is going to have a massive impact upon us all in the short term and also a long way into the future.
I would love to think that the outbreak of COVID-19 would be a short term hard hit but I frankly cannot see that as an outcome. We will all be affected whether self employed, employed, retired, savings or in some way or another.
I plan to send out as often as I can find relevant information about our industry either view this newsletter method but a lot will be placed directly to Facebook for immediate release. The link is lower down in this newsletter. I will be monitoring government releases, Federation of Business and Marine industry release and will place as much out as possible. Below this introduction are a few relevant changes and links for your perusal.
Lets not forget we are now in a period of quarantine and that in itself could have an effect on our wellbeing so please call friends and colleagues for a chat.
Finance challenges are now upon us all and that too could impact upon our health. Please don't suffer in silence and seek professional support if needed or just call a colleague.
If I see light hearted matters I will post these too, we will all need a good laugh and a smile to get through tough times
At this time I will wish everyone of you, your families and friends and colleagues a safe and healthy period. Lets think of the future bright sunny days on our boats.
ALL THE BEST. Ian.
We are monitoring releases from the government covering businesses Updates for businesses and self-employed
Small employers welcome lifeline, but self-employed question exclusion from 80% wage commitment, as Chancellor unveils fresh measures.
On the evening of Friday 20 March, the Chancellor of the Exchequer Rishi Sunak announced additional measures to help smaller businesses and the self-employed affected by COVID-19.
Suspension of the minimum income floor for the self-employed: self-employed people can now access, in full, Universal Credit at a rate equivalent to Statutory Sick Pay for employees
Taxes - next self-assessment payments deferred to Jan 2021 for the self employed
The introduction of a new job retention scheme will cover up to 80 per cent of wage costs (details to be confirmed) backdated to 1 March for a period of three months or longer, if needed, for small businesses, charities and not for profit organisations. Grants due to be available to business within weeks.
The business loans that were previously announced will be available from Monday 23 March and will now be interest free for 12 months (was 6 months)
Deferring the next quarter of VAT through to the end of June (those payments can now be paid at the end of the financial year)
Universal Credit - standard allowance to rise over the next 12 months by £1,000
As we suspected the above information is being rapidly updated by the government. We will try to ensure relevant information is sent out to all members.
It is safe to assume that few of our businesses will be operating with a few having commercial opportunities to do some operational work. This is likely to be a very testing time for all of us. I can only say our health is very important for us and our families.
On 24th March we commence a period of curfew at our homes with some very strict rules imposed upon the whole of the UK. Please maintain this advised standard and encourage friends and families to do the same in a hope that the period of confinement is reduced. I do suspect the first three weeks will not be the first period
Today I have been sending Facebook message out and will do so regularly from our members and also with any relevant updates, please log in and check if anything is relevant for you. https://www.facebook.com/PCAmembers/
Presently the issue of self employment is a massive question and we find that there some glimmers of hope for those affected.
Confidentiality: This message, and any attachments to it are intended only for the individual or company to which it is addressed, and may contain information which is privileged, confidential or prohibited from disclosure or unauthorised use. Any form of dissemination, copying, disclosure, distribution and/or publication of this e-mail message or its attachments to third parties is only permitted with the express permission of the sender. If you are not the intended recipient please notify us immediately and do not copy, distribute or take any action based on this e-mail.
Security Warning: Please note that this e-mail has been created in the knowledge that Internet e-mail is not a 100% secure communications medium. PCA. advises that you understand and observe this lack of security when e-mailing us.
Viruses: Although the PCA has taken steps to ensure that this e-mail and any related attachments are free from viruses, we cannot guarantee this.