Self-employment Income Support Scheme

Treasury written question – answered on 21st May 2020.

Alert me about debates like this

Photo of Stewart McDonald Stewart McDonald Shadow SNP Spokesperson (Defence)

To ask the Chancellor of the Exchequer, if he will make it his policy to extend the Self Employed Income Support Scheme to (a) newly self employed and (b) new start-ups and enable qualification for that scheme to be income assessed on an early submission of a 2019-20 tax return.

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

The new Self-Employment Income Support Scheme (SEISS) helps those adversely affected by COVID-19. It means the UK has one of the most generous self-employed COVID-19 support schemes in the world.

It has not been possible to include those who began trading after the 2018-19 tax year in the SEISS. This was a very difficult decision and it was taken for practical reasons.

The Government recognises that those who started trading more recently will not have submitted a tax return for the 2018-19 tax year, and it considered alternative approaches. HMRC would not be able to distinguish genuine self-employed individuals who started trading in 2019-20 from fake applications by fraudulent operators and organised criminal gangs seeking to exploit the SEISS.

The self-employed can benefit from the Government’s relaxation of the earnings rules (known as the Minimum Income Floor) in Universal Credit. They may also have access to a range of grants and loans depending on their circumstances.

Does this answer the above question?

Yes1 person thinks so

No3 people think not

Would you like to ask a question like this yourself? Use our Freedom of Information site.