Help for the Self-Employed and updated Guidance for the Coronavirus Job Retention Scheme

The Coronavirus (COVID-19) Self-employment Income Support Scheme

The Government have announced a new scheme to help the Self –Employed.  This scheme will allow 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. This is subject to guidance issued by HMRC.

Please click here for further details.

Claim for wage costs through the Coronavirus Job Retention Scheme

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

New guidance has been issued which gives further details.  To see the new guidance please click here.

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