Self-employed: Coronavirus:Written question - 70986

Q
(Preston)
[N]
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Named Day

'Named day' questions only occur in the House of Commons. The MP tabling the question specifies the date on which they should receive an answer. MPs may not table more than five named day questions on a single day.

Asked on: 08 July 2020
Treasury
Self-employed: Coronavirus
Commons
To ask the Chancellor of the Exchequer, if he will create a dedicated covid-19 hardship fund for sole traders and other self-employed people ineligible for the Self-Employment Income Support Scheme.
A
Answered by: Jesse Norman
Answered on: 13 July 2020

Self-employed individuals, including members of partnerships, are eligible for the Self Employment Income Support Scheme (SEISS) if they have submitted their Income Tax Self Assessment tax return for the tax year 2018-19, continued to trade, and have been adversely affected by COVID-19. To qualify, their self-employed trading profits must be no more than £50,000 and at least equal to their non-trading income.

Individuals who are not eligible for the SEISS may benefit from other elements of the unprecedented financial support provided by the Government. This package includes Bounce Back loans, tax deferrals, rental support, mortgage holidays, and other business support grants. On 8 July, the Government introduced the new Plan for Jobs which will make available up to £30 billion to assist in creating, supporting and protecting jobs.

Grouped Questions: 70988 | 70991

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