Regulatory Reference Guide

MONITORING SITE FOR THE REGULATORY REFERENCE GUIDE

Welcome to the online Regulatory Reference Guide (RRG). It offers you the opportunity to search, sort and consult the rules impacting the recreational marine. The ICOMIA Secretariat invites all MIAs to check and update their sections frequently. We are sure that you will appreciate this very informative tool.

To browse the RRG, select a country and/or criteria from the dropdown menus

Spain
Government support of industry during COVID-19
April 21, 2020

The government approved on 24 March the launch of credits for 20,000 million to guarantee the liquidity of the companies most affected by Covid-19. Half of that amount will be used to guarantee new loans to SMEs and the self-employed.
Paying taxes is delayed.
The term of the tax procedures already started will last until April 30, and those that are going to open are extended until May 20.

Sweden
Government support of industry during COVID-19
April 21, 2020

There is a full package of support available for SMEs affected by the current situation. Application process seems complicated, so Sweboat is assisting their members with this.

United Kingdom
Government support of industry during COVID-19
April 21, 2020

Coronavirus Job Retention Scheme goes live on Monday, 20th April and British Marine are encouraging all their members to apply where applicable.
Businesses that fall within the retail, hospitality and leisure sectors will benefit from a 12-month business rates holiday.
The UK Government has also announced a series of grants for UK businesses. Businesses with a rateable value of under £15,000 will be entitled to receive a grant of up to £10,000.
For businesses with a rateable value of between £15,000 and £51,000 they will be eligible to receive a grant of up to £25,000. British Marine understands that local authorities will contact eligible businesses directly and so there is no requirement to file an application.
The Government has launched a temporary Coronavirus Business Interruption Loan Scheme to help businesses that may require additional financial assistance.
The scheme will provide loans of up to £5 million in value. These will be backed by the British Business Bank and delivered through commercial lenders. This scheme is now open for applications and we would encourage businesses to discuss their requirements directly with the banks participating in the scheme, details of which can be found here.
The Government is taking additional measures to protect jobs by creating a dedicated Coronavirus Job Retention Scheme. This scheme applies to all UK businesses, regardless of their size. Employers will be able to contact HMRC for a grant to cover most of the wages of staff who are not working but are furloughed and kept on the company’s payroll system.
This grant from the UK Government will cover 80% of the salary of retained workers up to a total of £2,500 per month. We understand payments will be backdated to 1 March 2020 with the expectation that the scheme will be in place for a period of three months, with the first set of grants being delivered by the end of April. Employees must have been on the company’s payroll on 28 February 2020 to qualify.

USA
Government support of industry during COVID-19
April 21, 2020

The US national government has passed a $2 trillion funding package aimed at supporting small businesses, distressed industries, unemployed workers and injecting cash directly into American households.
On Friday, 3rd April, small businesses and sole proprietorships can apply for the Small Business Administration’s Paycheck Protection Program (PPP) – an initiative that was included in the $2 trillion economic relief bill signed by President Trump last week, which authorizes nearly $350 billion in forgivable loans to businesses to pay up to eight weeks of payroll costs, including benefits. Funds can also be used to pay interest on mortgages, rent, and utilities.

Japan
Government support of industry during COVID-19
April 21, 2020

The Ministry of Health, Labour and Welfare (MHLW), the Ministry of Economy, Trade and Industry (METI), the Consumer Affairs Agency (CAA) and the Ministry of Education, Culture, Sports, Science and Technology (MEXT) jointly produced an easy-to-understand video clip explaining measures for addressing the novel coronavirus disease.

MHLW has introduced the employment continuation subsidy. They will support 75-90% of leave compensation from April to June.

Aiming to encourage companies to introduce teleworking into their working styles, the Japan Government will collect and convey information on teleworking-related measures and that on activities of companies in the information communication industry for supporting their workers.

If an SME is a business in an industry severely affected by the disease and it faces a decline in sales of 5% or more from the previous year, it is eligible to make use of a financing guarantee of 80% of the loan amount under a framework of up to 280 million yen, which is separate from a general financing guarantee.

Hong Kong
Government support of industry during COVID-19
April 21, 2020

The HKBIA has been in contact with various charter associations and are collectively drafting a letter to seek for more support from the government.

Ireland
Government support of industry during COVID-19
April 21, 2020

There are a small number of state-aid for businesses, but so far the most significant one is the Temporary COVID-19 Wage Subsidy Scheme. Up to €410 of weekly salary is paid by the State if the Company qualifies for the scheme.

Italy
Government support of industry during COVID-19
April 21, 2020

Currently the following government financial support is anticipated:
1)All the financial loans and leasing contracts have been suspended for 3 months in order to preserve the financial liquidity of the companies
2)The payment of VAT to the state and other taxes, together with the high contributions on the wages of employees have been suspended for 3 months
3)A tax credit has been granted to shops, restaurants (even the ones operating inside marinas) who can prove they had losses caused by Covid-19 situation, by comparing the income from the previous year.
The government has suspended concession fees until the end of July. A request has been made to grant the same benefits to marinas

The Government has published on 8th April a decree with measures to give immediate liquidity to the industry (€400 billion in State guarantees to support business and exports)
Other measures to support the businesses are expected after Easter.

Israel
Government support of industry during COVID-19
April 21, 2020

Government supports associations and the agricultural field. No special support for marinas is noted. All costs of repairing boats are on boaters.

Grenada
Government support of industry during COVID-19
April 21, 2020