Self Employed Furlough Scheme, Changes To The Furlough Scheme And Support For Self Employed Isle Of Wight News From Onthewight

We stood behind britains businesses and workers as we came into this crisis and we stand behind them as we come through the other side.

Self employed business balance sheet template. The government made several far reaching changes to its income support measures today as a national lockdown in england got underway. Meanwhile the self employed will get a grant worth 80 of past profits but only for the month of. The furlough scheme will be extended until the end of march chancellor rishi sunak has announced while the next three month self employed income support grant will now be worth up to 7500.

Who or what is not included. The furlough scheme protected over nine million jobs across the uk and self employed people have received over 13 billion in support. Rishi sunaks flagship scheme to help the self employed through the pandemic has handed 13bn to workers who saw no loss of income while giving nothing.

For more info see martins video below on zero hours workers. Those who were not in work on 19 march 2020. The furlough and self employed schemes have been a true lifeline for all those protected by them continuation certainty and increased flexibility will boost economic recovery and help us get.

Information about what to do if you were not eligible for the grant or have been overpaid has been added. 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. The furlough scheme will be extended this week as part of a month long england wide lockdown.

The scheme doesnt apply if you are self employed. 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 self employment income support scheme claim service is now open.

The furlough and self employment schemes have been a lifeline for millions of people and businesses. The government measures dont help all workers in all circumstances. The observer uk job furlough scheme.