Self-employment Income Support Scheme

(asked on 6th July 2020) - View Source

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what steps his Department is taking to support people classed as self-employed for the 2017-18 and 2018-19 tax years and not the 2019-20 tax year who are ineligible for support through the Self-employment Income Support Scheme.


Answered by
Jesse Norman Portrait
Jesse Norman
This question was answered on 9th July 2020

Self-employed individuals, including members of partnerships, are eligible for the Self Employment Income Support Scheme (SEISS) if they have submitted their Income Tax Self Assessment tax return for the tax year 2018-19, continued to trade, and have been adversely affected by COVID-19. To qualify, their self-employed trading profits must be no more than £50,000 and at least equal to their non-trading income.

Individuals who are ineligible for the SEISS may benefit from other elements of the unprecedented financial support provided by the Government. This package includes Bounce Back loans, tax deferrals, rental support,?mortgage holidays, and other business support grants.

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