Self Employed Furlough Scheme Gov August, Self Employed Income Support Scheme Extended
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The self employed could face financial calamity if the government does not expand its support scheme further bringing them closer in line with the latest furlough changes it has been claimed.
Self employed furlough latest. With the furlough scheme ending in october many self employed workers are worried about the futures of their businesses. This is in addition to billions of pounds in tax deferrals. If you are self employed therefore taxed through self assessment and not paye you wont be eligible for furlough or the job support scheme but you may be eligible for the self employment income support scheme grants or be able to claim benefits.
The treasury said 137bn of support for self employed people had been provided since the onset of the pandemic in march on top of more than 40bn for employees through the furlough scheme. For more info see martins video below on zero hours workers. Those eligible for the self employment income support scheme seiss will be able to claim the additional grant in august which will be worth up to 70 of their average monthly trading profits though its capped at 6570 overall.
The furlough scheme protected over nine million jobs across the uk and self employed people have received over 13 billion in support. Throughout the pandemic the government has acted with speed to protect lives and safeguard jobs with an unprecedented 200 billion support package. Self employment income support scheme up until 19 july 27 million workers claimed under the self employment income support scheme seiss with the total value of claims standing at 78bn.
Those eligible under the self employment income support scheme seiss which has so far seen 23 million claims worth 68 billion will be able to claim a second and final grant in august. The furlough scheme has protected over nine million jobs across the uk and self employed people have already received over 13 billion in support. Information about what to do if you were not eligible for the grant or have been overpaid has.
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