HELP FOR SELF EMPLOYED WORKERS

In addition to the National Coronavirus Job Retention scheme announced yesterday, Rishi Sunak said he would “strengthen the safety net for those who work for themselves” with –

Sick Pay

The Chancellor announced that “self-employed can now access in full universal credit at a rate equivalent to statutory sick pay for employees”.

The current SSP rate for employees is £94.25 per week for up to 28 weeks.

Tax Payments

The next round of tax payments on account, scheduled for 31 July 2020 will be deferred until January 2021.

VAT Payments

VAT payments have been deferred for the next quarter.

If you have any questions please contact us, for further information see Gov.uk.