Tuesday, 24 March 2020

Coronavirus (COVID-19) - Rumours of statutory payments for the self-employed

The rumours in the press and online of the self-employed getting the lower of £2917 or 80% of net earnings over last 3 years have not been confirmed by the Government. This information has been taken from an amendment to a parliamentary bill that did not get enough support in parliament to get approved.
We are in a similar position with the 80% Coronavirus Job Retention Scheme and whether this is applicable to directors, unfortunately we are still awaiting confirmation from the Government on this.
However, I am hopeful that we will hear an announcement very soon confirming the position for the self-employed and directors.
I will provide an update as soon as I receive news.
In the interim if you need any business or personal support please don’t hesitate to drop me a line.
Best wishes,
Steven Hillman ACA
Chartered Accountant
Read our latest COVID-19 updates here: https://www.hillmans.co.uk/covid-19-updates

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