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COVID-19: Guidance & Resources

If you are an MIA member please log in and visit your dedicated COVID-19 update page here which includes additional support, advice and community opportunities. 

The recent outbreak of COVID-19 has presented a changing work environment for businesses across the UK. To help the motorsport industry during this unprecedented situation the MIA has created this page to provide updates from government and key industry stakeholders.

The MIA, as an accredited trade association, is representing the motorsport industry, participating in relevant government and industry forums, and having direct channels of communication with key government departments such as the Department for International Trade and the Department for Business, Energy and Industrial Strategy.

You can read a communication from the CEO of Motorsport UK on the current status of the sport here. (23 March 2020)

Government Guidance

As we receive advice and guidance from UK government we will share this with MIA members. Please see the below links for recent updates, some of these guidance pages are being updated multiple times a day. Please regularly review for the most recent information.

This guidance will assist employers and businesses in providing advice to their staff on: the novel coronavirus, COVID-19, how to help prevent spread of COVID-19, what to do if someone has symptoms of COVID-19 has been in business settings and eligibility for sick pay. This guidance also provides details of support available to businesses

The fraud threat posed during emergency situations is higher than at other times, and all public bodies should be attuned to the risks facing their organisations and the public sector.

This document is a specification of the minimally clinically acceptable ventilator, along with some preferred options, to be used in UK hospitals during the current coronavirus (COVID-19) outbreak. (23 March 2020)

Covers Department and International Trade (DIT) support and financial support for British businesses trading internationally

It is already clear that in these exceptional circumstances, authorities may need to procure goods, services and works with extreme urgency. Authorities are permitted to do this using regulation 32(2)(c) under the Public Contract Regulations 2015.

NHS Ventilator Crisis - Opportunity for MIA members

UPDATE 06/04/2020 - registration to supply ventilator devices and components has now closed. After receiving offers of support from over 5000 businesses and individuals the government request your patience as they work through this correspondence. They will be matching requirements and will reach out to companies individually.

The government has released a specification for ventilators to be used in UK hospitals during the coronavirus (COVID-19) outbreak which you can view here. You can also view exemptions from device regulations during the coronavirus (COVID-19) outbreak hereto understand which regulations can be relaxed.

If you can offer a mechanical ventilator capable of Intermittent Positive Pressure Ventilation (IPPV) please complete the submission form here.

Ventilator Challenge UK consortium update - 03/04/2020

Other Opportunities

  • COVID-19: Call for rapid sanitising technology for ambulances
    The Defence and Security Accelerator (DASA) is looking for rapid sanitising technology to speed up the time it takes to clean ambulances to help in the national effort against Coronavirus and save lives. More information here.
  • We encourage any MIA members who have PPE stock that they are able to donate to hospitals to contact their local trust directly to find out how to do this. PPE items in demand include face masks, goggles, gloves, Tyvek suits, shoe covers, plastic aprons, barrier creams, detergent wipes and toilet roll (for NHS staff).
  • General offers of help such as logistics, medical devices, food, hand sanitiser, garments should fill in this form on the government website.

Government Support

As we receive updates on support available from UK government we will share this with MIA members. Please see the below links for recent updates.

Coronavirus Business Interuption Loan Scheme (CBILS)

A new temporary Coronavirus Business Interruption Loan Scheme, delivered by the British Business Bank, will launch next week to support primarily small and medium sized businesses to access bank lending and overdrafts. For more detail on eligilbiity, providing partners and further information please visit the British Business Bank website here. 

New Coronavirus Large Business Interruption Loan Scheme (CLBILS)

CLBILS will ensure that more firms are able to benefit from UK government-backed support during this difficult time. It will provide a UK government guarantee of 80% to enable banks to make loans of up to £25 million to firms with an annual turnover of between £45 million and £500 million. More information here.

Support for larger firms through the COVID-19 Corporate Financing Facility

Under the new Covid-19 Corporate Financing Facility, the Bank of England will buy short term debt from larger companies. More information available via the Bank of England here.

Coronavirus Job Retention Scheme

UK employers will be able to access support to continue paying part of their employees’ salary for those employees that would otherwise have been laid off during this crisis. HMRC will reimburse 80% of furloughed workers wage costs, up to a cap of £2,500 per month. HMRC are working urgently to set up a system for reimbursement. More information here. Read here about updates that could save businesses an extra £300 a month for each employee under the scheme.  

Self-employment Income Support Scheme (SEISS)

SEISS will support self-employed individuals (including members of partnerships) who have lost income due to coronavirus (COVID-19). You can claim a taxable grant worth 80% of your trading profits up to a maximum of £2,500 per month for 3 months. This may be extended if needed. For more information on claiming please click here. 

Filing Accounts

From today (25 March 2020), businesses will be able to apply for a 3-month extension for filing their accounts.This joint initiative between the government and Companies House will mean businesses can prioritise managing the impact of Coronavirus. More information available here.

Tax Helpline

New HMRC helpline launched to help businesses concerned about paying their tax due to coronavirus (COVID-19). For more information please click here.

VAT Deferral

For VAT, the deferral will apply from 20 March 2020 until 30 June 2020. This is an automatic offer with no applications required. Businesses will not need to make a VAT payment during this period. Taxpayers will be given until the end of the 2020 to 2021 tax year to pay any liabilities that have accumulated during the deferral period. VAT refunds and reclaims will be paid by the government as normal. Businesses still need to submit their VAT return on time and cancel any direct debit with their banks. More information available here.

Small Business Grant Funding

This will provide a one-off grant of £10,000 to eligible businesses to help meet ongoing business costs. For more information and eligibility criteria please click here.

Statutory Sick Pay Rebate

The government will bring forward legislation to allow small-and medium-sized businesses and employers to reclaim Statutory Sick Pay (SSP) paid for sickness absence due to COVID-19. For more information please click here.

Commercial Insurance

Most commercial insurance policies are unlikely to cover pandemics or unspecified notifiable diseases, such as COVID-19. However, those businesses which have an insurance policy that covers government ordered closure and pandemics or government ordered closure and unspecified notifiable disease should be able to make a claim (subject to the terms and conditions of their policy). Insurance policies differ significantly, so businesses are encouraged to check the terms and conditions of their specific policy and contact their providers. Further information is available here.

Check which expenses are taxable if your employee works from home due to coronavirus (COVID-19)

Find out what equipment, services or supplies are taxable if your employees are working from home due to coronavirus (COVID-19) on the government website here.

Government amends insolvency law to help companies keep trading while they explore options for rescue

This includes: A moratorium for companies giving them breathing space for from creditors enforcing their debts for a period of time whilst they seek a rescue or restructure; Protection of their supplies to enable them to continue trading during the moratorium; and; A new restructuring plan, binding creditors to that plan. Find out more here.

Upcoming webinars by Government and non-government partners.

UK Government’s Business Support Website has a list of upcoming webinar events from Government and non-government partners. More information here.