Self-employed: Government Assistance

(asked on 5th May 2020) - View Source

Question to the HM Treasury:

To ask Her Majesty's Government what financial support is available for people who are newly self-employed in the 2019-20 tax year, and what consideration they have given to allowing these individuals to access the Self-Employment Income Support Scheme.


Answered by
 Portrait
Lord Agnew of Oulton
This question was answered on 20th May 2020

The Government recognises that those who started trading more recently will not have submitted a tax return for the 2018-19 tax year, and it considered alternative approaches. HMRC would not be able to distinguish genuine self-employed individuals who started trading in 2019-20 from fake applications by fraudulent operators and organised criminal gangs seeking to exploit the SEISS.

However, those who entered self-employment after April 2019 may still be eligible for other support. 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.

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