On Monday 27 April, the Government announced a new set of loans aimed at small businesses, worth up to £50,000 or 25% of turnover. The loans are 100% state-backed (ie, funded by the taxpayer), and can be used for cash flow issues. No fees or interest is charged in the first 12 months, while the…
Now the employees’ furlough scheme is open, I’ve had many questions about the Self-Employed Income Supportscheme timings. With it, rather than applying, you’re contacted if you’re eligible. To manage your expectations, I asked HMRC, and it’s confirmed you should expect contact mid-May (it’s not yet decided whether by letter, online or a combination, I’ll let you…
1) Working from home? Claim tax back on additional home expenses. If your employer requires you to work from home, and that means you’ve had increased costs, eg, heating & electricity, you’re entitled to claim something back for them. Clearly, right now millions are required to work from home, but in practice, apportioning the cost is tough, so instead you can…
MSENews MoneySavingExpert.com News 2020 March Employment & Self-Employment Coronavirus Help Employment & Self-Employment Coronavirus Help Your rights as an employee, self-employed etc, incl who can be furloughed Naomi Schraer, News Reporter | Edited by Johanna Noble, Associate Editor 30 March 2020 | Updated 7 April 2020 Facebook Twitter Print Mailme The coronavirus pandemic has fundamentally changed the…
You can’t get statutory sick pay if you’re self-employed. But if you have to take time off work because you’re sick or self-isolating – or if you’ve lost all your income due to coronavirus – you might be entitled to claim benefits. Plus further help has been announced in the form of the new Self Employed…
There are things you can do if you’re struggling to pay things like your rent, mortgage or energy bills because of coronavirus. It’s important you don’t ignore your bills. Speak to the organisation you owe money to – they might be able to help by letting you pay smaller amounts or take a break. It’s…
Specialist units are operating to combat misinformation about coronavirus and five to ten incidents are being identified and tackled each day.Published 30 March 2020From:Cabinet Office, Department for Digital, Culture, Media & Sport, The Rt Hon Oliver Dowden CBE MP, and The Rt Hon Penny Mordaunt MP Specialist units across government are working at pace to combat false and…
Background and scope of guidance This guidance is for everyone, including children. It advises on social distancing measures we should all be taking to reduce social interaction between people in order to reduce the transmission of coronavirus (COVID-19). It is intended for use in situations where people are living in their own homes, with or…
Rishi Sunak announces world-leading scheme to support the UK’s self-employed affected by the coronavirus outbreak.Published 26 March 2020From:HM Treasury and The Rt Hon Rishi Sunak MP direct cash grant of 80% of their profits, up to £2,500 per month latest announcement in an unprecedented package of government support to protect businesses and individuals Millions of self-employed individuals…
Use this scheme if you’re self-employed or a member of a partnership and have lost income due to coronavirus. Published 26 March 2020From:HM Revenue & Customs Contents Who can apply How much you’ll get How to apply After you’ve applied Other help you can get This scheme will allow you to claim a taxable grant worth…