Self-employment Income Support Scheme

(asked on 2nd February 2021) - View Source

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what steps he is taking to provide support for newly self-employed people who are ineligible for support from the Self-Employment Income Support Scheme.


Answered by
Jesse Norman Portrait
Jesse Norman
This question was answered on 9th February 2021

In delivering the SEISS, the Government has had to balance reaching as many people as possible, while protecting the public purse from the substantial risk of fraud by organised criminals and others who would seek to exploit these schemes. This has meant using data that HMRC already hold, in the form of Self-Assessment Tax Returns for the years up to and including 2018-19.

The SEISS continues to be just one element of a substantial package of support for the self-employed. The Universal Credit standard allowance has been temporarily increased for 2020-21 and the Minimum Income Floor relaxed for the duration of the crisis, so that where self-employed claimants' earnings have fallen significantly, their Universal Credit award will have increased to reflect their lower earnings. In addition to this, they may also have access to other elements of the package, including Bounce Back loans, tax deferrals, rental support, mortgage holidays, self-isolation support payments and other business support grants.

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