Q:

Will self-employed workers have their wages subsidised?

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Tamsin Ogilvie
The Senate
26 Mar 2020

A: SenseCheck

  • 1 Yes
  • 1 Unclear
  • 0 No
SenseCheck complexity

Newest Answer Oldest Answer

  • 28 Mar 2020
  • Yes

    Simple

    The package announced on the 26th March allows you to claim a taxable grant worth 80% of your trading profits up to a maximum of £2,500 per month for the next 3 months.

    You can apply if you’re a self-employed individual or a member of a partnership and you:

    have submitted your Income Tax Self Assessment tax return for the tax year 2018-19
    traded in the tax year 2019-20
    are trading when you apply, or would be except for COVID-19
    intend to continue to trade in the tax year 2020-21
    have lost trading/partnership trading profits due to COVID-19

    https://www.gov.uk/guidance/claim-a-grant-th…

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    Diccon Towns
    ALSO Festival

  • Comment

  • 27 Mar 2020
  • Unclear

    Complex

    Guidance has been provided but it's not clear.: Self-employed and freelance workers will not receive wages through government grants, instead they will receive greater benefits and delayed tax deadlines. https://www.bbc.co.uk/news/business-51628524

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    Rachel Amos
    The Senate

  • Comment