Coronavirus Special March/Mawrth 2020 Newsletter

General advice for those who have seen a significant reduction in their income:

  • Examine your bank statements carefully and stop any unnecessary direct debits.
  • The Government have confirmed that mortgage lenders will allow a 3-month holiday which will not affect your credit rating. Many call centres are over-worked and you may have difficulty contacting them. If so, write a letter to the mortgage provider explaining your situation and keep a copy of the letter for your records.
  • Stay in contact with any other creditors such as credit card companies/PCP car finance, etc.
  • Concentrate your spending on food, heating and essential household items.


Government assistance announced to date:

  • If you are employed and you are “furloughed”, HMRC will reimburse 80% of wage costs for “furloughed” workers up to a cap of £2,500 a month. We do not yet know if this extends to individuals who are directors of their own limited companies.
  • VAT will be deferred for returns submitted from March 2020 – June 2020.
  • For income tax self-assessment, payments due on 31 July 2020 will be deferred until 31 January 2021.
  • There is a HMRC Time to Pay coronavirus helpline: 0800 015 9559
  • There are a package of measures for firms in the retail, hospitality and leisure businesses – see Government website for more details.
  • There is a coronavirus business interruption loan scheme via your bank for small businesses.


Claiming from the Government:

For those in employment, Statutory Sick Pay is claimable via your employer’s PAYE scheme.

Employment and support allowance for those out of work is available of around £90 per week. Those with a reasonable level of savings may not be eligible. Universal Credit may be claimable – see following links on the Government’s Covid-19 website:


Landlords may be able to apply to their lenders for relief from paying their buy-to-let mortgages for 3 months.


If you have travel plans that have been disrupted by the coronavirus, you may be able to obtain a partial or full refund of the cost of your holiday. Contact your travel insurer.


Beware of scams where fraudsters send you an email or even call at your home purporting to be from HMRC offering an income tax rebate and ask for your bank details. Remain alert.

Contact Huw Roberts

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  • "Diolch eto am eich cyngor a'ch cymorth"

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