Tonight’s announcement by the Chancellor of the Exchequer of a comprehensive support package for self-employed workers has been welcomed by Clwyd South MP Simon Baynes.
The support includes the following:
- The Government will pay 80% of self-employed workers income calculated on their income from their tax returns over the last 3 years up to the value of £2,500. You will still be able to work during this time if you so choose.
- This will only be available for genuinely self-employed people who earn up to £50,000 a year.
- HMRC will contact self-employed individuals notifying them of the scheme, where they will be asked to complete an online form to access this cash
- Self-employed people will also be entitled to claim business support loans
- For those who missed their tax return deadline, will have an additional 4 weeks to submit this.
- Also, those who are self-employed will be able to claim Universal Credit, which will be paid out as quickly as possible to ensure you can access enough funding to tide people over until the scheme is fully in place.
Simon Baynes said: “So many residents have been in touch with me over the last few days concerned about loss of income. Today's announcement was clear – the Government will support everyone through this crisis. I’m so glad to hear that self-employed workers will be benefiting from Government support too, so that we can all get through this crisis together.
“For anyone who has queries or concerns about tonight’s announcement or if there’s anything else I can help with, please do get in touch with me at email@example.com.”