Chancellor announces additional measures to help businesses and the self-employed impacted by COVID-19
The Chancellor announced a major package of support for the self-employed:
- HMG will pay the self-employed a taxable grant worth 80% of their average monthly profits over the last three years up to £2500 per month
- This will be available for three months. Will be extended if necessary
- People can claim these grants and continue to do business
- Covers self-employed same as those furloughed
To ensure the funds reaches the people most in need:
- Open to anyone of trading profits of up to £50,000
- Available to people who i) make the majority of their income being self-employed, ii) Have a self-employed tax return for 2019
How to access
- HMRC will contact you directly and you’ll have to fill out a form
- HMRC will pay the grant directly to bank accounts.
- Aim is to pay at the beginning of June (3 months backdated). Hoping to be quicker than that but recognition HMRC are now having to design two new systems
- Anyone who missed the Jan filing deadline has an extra 4 weeks from today to submit their tax return
Further Details can be found at – https://www.gov.uk/government/news/chancellor-gives-support-to-millions-of-self-employed-individuals
In order to claim Statutory Maternity Pay (SMP) from their employer, a woman must provide proof of her pregnancy from a doctor or midwife. This is usually given on form MAT B1