Corporate & Corporate recovery, restructuring & insolvency & Employment law for employers
Rishi Sunak has provided further detail on his proposed measures to assist the self-employed weather a likely downturn in work during the coronavirus lockdown.
Rishi Sunak has provided further detail on his proposed measures to assist the self-employed weather a likely downturn in work during the coronavirus lockdown.
These measures are in addition to the earlier proposals on tax and VAT deferrals which we set out in our earlier article. They are designed to give broadly the same support to the self-employed as those already announced for the more conventionally employed.
Whilst much of the devil will be in the detail, the announced package promises the self-employed the following:
Outstanding questions include “what will happen to the self-employed who get paid via PAYE and those who have less than three years self-employed income?”
Finally, the Chancellor also hinted that, as the self-employed are receiving the same support as the employed but not paying similar taxes, the group can expect increased taxation once the pandemic has eased.
If you have any questions on this topic or any other, please contact our Coronavirus Employment Advice Helpline and we can help you to consider the options available to you and your business.
27 March 2020