Question to the HM Treasury:
To ask Her Majesty's Government, following the policy that allows employees and workers paid via PAYE to be furloughed by more than one employer under the Coronavirus Job Retention Scheme, why they have required 50 per cent of an individual’s income to be from self-employment in order to be able to access 80 per cent profits under the Self-Employment Income Support Scheme; and what assessment they have made of the potential merits of lowering the threshold of income from self-employment from 50 per cent to 25 per cent.
The Self-Employment Income Support Scheme (SEISS) aims to provide financial support to those who rely on self-employment as their main source of income, so that it is targeted at those who need it most. Many individuals earn small amounts of income from self-employment in addition to income from employment and other sources.
These individuals may benefit from other support, including the Coronavirus Job Retention Scheme. The SEISS supplements the significant support already announced for UK businesses, including the Coronavirus Business Interruption Loan Scheme, the Bounce Back Loans Scheme and the deferral of tax payments.