Self-employed: Coronavirus

(asked on 8th October 2020) - View Source

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what support he is providing to self-employed people who did not meet the eligibility requirements for the Self Employed Income Support Scheme in March 2020.


Answered by
Jesse Norman Portrait
Jesse Norman
This question was answered on 13th October 2020

Those not eligible for the Self-Employment Income Support Scheme (SEISS) may still be eligible for other elements of the unprecedented financial support available. The Government has temporarily increased the Universal Credit standard allowance for 2020-21 by £20 per week and relaxed the Minimum Income Floor meaning that where self-employed claimants' earnings have significantly reduced, their Universal Credit award will have increased to reflect their lower earnings. They may also have access to Bounce Back loans, tax deferrals, rental support, mortgage holidays, and other business support grants, with a new extended deadline of 30 November.

In addition to this, up to half a million businesses which deferred their VAT bills will also be given more breathing space through the New Payment Scheme. This gives them the option to spread their payments over the financial year 2021-2022. In addition, all 11 million UK self-assessment taxpayers will be able to benefit from the recently enhanced Time to Pay ‘self-service’ facility to form a 12-month, interest-free payment arrangement for up to £30,000 of self-assessment debt.

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