Taxation: Coronavirus

(asked on 28th January 2021) - View Source

Question to the HM Treasury:

To ask Her Majesty's Government what plans they have, if any, to use information from 2019/20 income tax returns to assess whether people previously disqualified from financial support during the COVID-19 pandemic should now be entitled to such support.


Answered by
 Portrait
Lord Agnew of Oulton
This question was answered on 11th February 2021
The practical issues that prevented the Government from being able to include the newly self-employed in 2019-20 in the Self-Employment Income Support Scheme (SEISS), namely that HM Revenue and Customs (HMRC) do not have access to their self-assessment returns in order to verify their eligibility, still remain.

The SEISS continues to be just one element of a substantial package of support for the self-employed. Those ineligible for the SEISS Grant Extension may still be eligible for other elements of the support available. 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.

Reticulating Splines