MILLIONS of self-employed employees might get important state help assist prolonged right now.
Chancellor Rishi Sunak is about to make an announcement on the scheme, which has helped 2.3million employees up to now.
Grants price as much as £7,500 to cowl the final three months come to an finish on Sunday.
With out the essential assist hundreds of thousands of self-employed employees face an revenue shock as they’re nonetheless unable to work attributable to coronavirus.
Thus far, Mr Sunak has not prolonged the scheme however yesterday the Prime Minister advised the every day coronavirus press convention that “you will be listening to extra about” assist for self-employed employees quickly.
The Chancellor is anticipated to unveil the main points throughout right now’s coronavirus press convention.
Final night time 113 MPs from all events together with a string of senior Tories signed a letter to the Chancellor demanding he extends the self-employment scheme.
They warned that a whole lot of hundreds of self-employed individuals can be with out work and with out assist from subsequent week.
Mr Sunak was mentioned to be weighing up how you can prolong assist for the self-employed as he faces breaking a key Boris Johnson pledge to supply “parity of assist” for them as workers.
Self-employment grant: who can declare?
YOU can declare in the event you’re a self-employed particular person or a member of a partnership and also you:
- have submitted your self evaluation tax return for the tax yr 2018/19
- traded within the tax yr 2019/20
- are buying and selling if you apply, or can be apart from coronavirus
- intend to proceed to commerce within the present tax yr (2020/21)
- have misplaced buying and selling earnings attributable to coronavirus.
Thus far the revenue assist scheme has value £6.eight billion.
Mr Sunak can also be anticipated to disclose particulars of how the furlough scheme will work as it’s prolonged till October.
Yesterday, The Treasury mentioned it was retaining the SEISS beneath overview and pointed to Mr Sunak’s phrases in March when he mentioned the scheme might be prolonged “if essential”.
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How furlough changes could affect your pay as announcement expected on scheme
It said it was unfair to compare the self employment income support with the furlough scheme because self-employed people could still work while receiving grants.
For more details on who can apply for the scheme and how it works, read our guide.
We also explain how the furlough changes could affect you.