Search News


JC Accounts Ltd
The Loft
Hill End Farm
Langley, Herts
SG4 7PT
01462 477 918
This email address is being protected from spambots. You need JavaScript enabled to view it.

News

Source: HM Government | | 17/03/2020

In the Budget, the Chancellor set out a package of temporary, timely and targeted measures to support public services, individuals and businesses through the economic disruption caused by COVID-19.

One of these measures was to offer the self-employed the opportunity to access a claim for Universal Credit or Contributory Employment and Support Allowance. This is important as the self-employed are more likely to show up to work sick as they are afraid to lose business to competitors. There are also less statutory protections for the self-employed. For example, they are not entitled to Statutory Sick Pay.

This emergency measures are as follows:

  • For the duration of the outbreak, the requirements of the Universal Credit Minimum Income Floor will be temporarily relaxed for those who have COVID-19 or are self-isolating according to government advice, ensuring self-employed claimants will receive support.
  • People will be able to claim Universal Credit and access advance payments upfront without the current requirement to attend a Jobcentre if they are advised to self-isolate.
  • Contributory Employment and Support Allowance will be payable, at a rate of £73.10 a week if you are over 25, for eligible people affected by COVID-19 or self-isolating in line with advice from Day 1 of sickness, rather than Day 8.


Latest News

Prepare accounts quickly
07/04/2020 - More...
As most self-employed readers will be aware, Self-Assessment tax and NIC payments on account are based on profits earned

What is solvency?
07/04/2020 - More...
During periods when demand for your goods and services drop – for example, if your business has been closed down

Coronavirus Job Retention Scheme – update for directors
07/04/2020 - More...
HMRC’s guidance on the Coronavirus Job Retention Scheme has recently been updated. HMRC will reimburse 80% of

Newsletter

With our newsletter, you automatically receive our latest news per e-mail and get access to the archive including advanced search options!

» Sign up for the Newsletter
» Login