Self-employed: Coronavirus
(asked on 1st May 2020) - View Source
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, what support the Government provides to self employed people that are unable to access the self employed income support scheme as a result of not having the relevant income tax and national insurance contributions.
This question was answered on 6th May 2020
The Government has designed measures that can be operationalised quickly and effectively under the Self-Employment Income Support Scheme (SEISS). It continues to work with stakeholders to make sure funding reaches those who need it most, keeping all policies under review. Some 95% of people who receive the majority of their income from self-employment could benefit from the SEISS and anyone requiring support before the beginning of June should have access to other measures appropriate to their individual circumstances. For example, the self-employed can benefit from the Government’s relaxation of the earnings rules (known as the Minimum Income Floor) in Universal Credit. Individuals may also have access to a range of grants and loans depending on their circumstances, including the Coronavirus Business Interruption Loan Scheme, the Bounce Back Loans Scheme, and the deferral of tax payments.
The Government has designed measures that can be operationalised quickly and effectively under the Self-Employment Income Support Scheme (SEISS). It continues to work with stakeholders to make sure funding reaches those who need it most, keeping all policies under review. Some 95% of people who receive the majority of their income from self-employment could benefit from the SEISS and anyone requiring support before the beginning of June should have access to other measures appropriate to their individual circumstances. For example, the self-employed can benefit from the Government’s relaxation of the earnings rules (known as the Minimum Income Floor) in Universal Credit. Individuals may also have access to a range of grants and loans depending on their circumstances, including the Coronavirus Business Interruption Loan Scheme, the Bounce Back Loans Scheme, and the deferral of tax payments.