Self-employment Income Support Scheme: Directors

Treasury written question – answered on 4th May 2020.

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Photo of David Mundell David Mundell Conservative, Dumfriesshire, Clydesdale and Tweeddale

To ask the Chancellor of the Exchequer, if he will extend the Government's self-employed income support scheme to director-owned small private companies where the directors of those companies cannot be furloughed due to ongoing business commitments.

Photo of Fleur Anderson Fleur Anderson Labour, Putney

To ask the Chancellor of the Exchequer, if he will extend the Self-Employed Income Support Scheme to self-employed people who receive income through a combination of sole trader and PAYE contracts with employers.

Photo of Fleur Anderson Fleur Anderson Labour, Putney

To ask the Chancellor of the Exchequer, if he will extend the Self-Employed Income Support Scheme to self-employed people who have set up as one to two person limited companies.

Photo of Jesse Norman Jesse Norman The Financial Secretary to the Treasury

Self-employed people who pay themselves a salary through their own company may be eligible for the Coronavirus Job Retention Scheme (CJRS). The CJRS is available to employers, including personal service companies, and individuals paying themselves a salary through a PAYE scheme are eligible.

Employers can use a portal to claim for 80% of the usual monthly wage costs of furloughed employees (employees on a leave of absence) up to £2,500 a month, plus the associated Employer National Insurance contributions and minimum automatic enrolment employer pension contributions for that wage.

This scheme supplements the other significant support announced for UK businesses, including the Bounce Back Loans Scheme for small businesses, the Coronavirus Business Interruption Loan Scheme and the deferral of tax payments. More information about the full range of business support measures is available at www.businesssupport.gov.uk/coronavirus-business-support/

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