Question to the HM Treasury:

To ask the Chancellor of the Exchequer, if he will publish (a) guidance and (b) FAQs online to clarify the eligibility of furnished holiday lettings businesses for the Self-Employment Income Support Scheme.

The Chancellor of the Exchequer announced new support for the self-employed on 26 March 2020.

The new Self-Employed Income Support Scheme (SEISS) will help those with lost trading profits due to COVID-19. To qualify, an individual’s self-employed trading profits must be no more than £50,000 and more than half of their income must come from self-employment. Some 95% of people who receive most of their income from self-employment could benefit from this Scheme.

Income from furnished holiday lets is not considered to be ‘trading profit’, but is property related income which is not included in the scope of SEISS.

Guidance on how HMRC work out total income and trading profits for SEISS has been published on GOV.UK and is updated regularly. The guidance can be found at: https://www.gov.uk/guidance/claim-a-grant-through-the-coronavirus-covid-19-self-employment-income-support-scheme