Coronavirus Job Retention Scheme: Sole Traders

(asked on 19th May 2020) - View Source

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, if he will amend the Coronavirus Job Retention Scheme so that sole traders, acting as limited companies, that complete their yearly payroll after 19 March can access that scheme.


Answered by
Jesse Norman Portrait
Jesse Norman
This question was answered on 2nd June 2020

To be eligible for the Coronavirus Job Retention Scheme (CJRS), firms must have created and started a PAYE payroll scheme on or before 19 March 2020; enrolled for PAYE online; and have a UK bank account.

Processing claims for the CJRS where there was no RTI data by 19 March would require much greater manual handling by HMRC and significantly slow down the system, while risking substantial levels of fraud. It would also require greater resource for HMRC when they are already under significant pressure to deliver the system designed.

Individuals may have access to a range of grants and loans depending on their circumstances, including the Coronavirus Business Interruption Loan Scheme, Bounce Back Loan Scheme and the deferral of tax payments.

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