Category: Self Employed

COVID-19 support – what’s available and actions you or your clients may need

Dear Payadvice Ltd, I’m writing to you with the latest information about financial support schemes available to help your clients as part of the UK Government’s Plan for Jobs. This includes the latest on the Self-Employment Income Support Scheme (SEISS), the Coronavirus Job Retention Scheme (CJRS) and the VAT deferral new payment scheme. Thank you for … Continue reading COVID-19 support – what’s available and actions you or your clients may need →

COVID-19 support – latest information

Dear Payadvice Ltd, I’m writing to you with the latest information about financial support schemes available to help your clients. This includes the latest on the Self-Employment Income Support Scheme (SEISS), the Coronavirus Job Retention Scheme (CJRS) and the VAT deferral new payment scheme. Self-Employment Income Support Scheme To support you in helping your clients, here … Continue reading COVID-19 support – latest information →

Self-Employment Income Support Scheme fourth grant

Find out if you’re eligible for the fourth grant which will cover the period February 2021 to April 2021. Also find out information about the fifth grant. The Budget confirmed that the fourth SEISS grant will be set at 80% of 3 months’ average trading profits, paid out in a single instalment, capped at £7,500. … Continue reading Self-Employment Income Support Scheme fourth grant →

Legal footing for national unlocking set out ahead of vote

The government has set out regulations that will pave the way to the easing of all restrictions from 21st June 2021. New ‘roadmap regulations’ set out before the next phase of easements take place on 29th March 2021One-year review of Coronavirus Act proposes measures to expire or suspend. Measures to continue are essential and proportionate … Continue reading Legal footing for national unlocking set out ahead of vote →

Self-Employment Income Support Scheme fourth grant

At the Budget 2021, it was confirmed that the fourth SEISS grant will be set at 80% of 3 months’ average trading profits, paid out in a single instalment, capped at £7,500. The fourth grant will take into account 2019 to 2020 tax returns and will be open to those who became self-employed in tax … Continue reading Self-Employment Income Support Scheme fourth grant →

UK Government support announced for businesses

Dear @PAYadvice, Today, as part of the Budget, the UK Government has announced further support for employers and the self-employed. Extension to the Coronavirus Job Retention SchemeSelf-Employment Income Support Scheme – future grants confirmedVAT deferralWhere can I get further support?Protect yourself from scams Extension to the Coronavirus Job Retention Scheme The Coronavirus Job Retention Scheme … Continue reading UK Government support announced for businesses →

Parliamentary question – Directors Income Support Scheme response

HM Treasury responded to a question on COVID-19 assistance for Directors on 22nd February 2021 The question: To ask the Chancellor of the Exchequer, what steps he is taking to progress a directors’ income support scheme package for directors of limited companies? The response was made by Treasury minister Jesse Norman: The Government always welcomes … Continue reading Parliamentary question – Directors Income Support Scheme response →

Self-Employment Income Support Scheme (SEISS) – claim now before 29th January deadline

Dear @PAYadvice, The deadline for claiming the third SEISS grant is fast approaching. If your clients are eligible, they must make their claim on or before 29‌‌‌th January 2021. As with the first and second SEISS grants, the third grant will be subject to Income Tax and self-employed National Insurance and must also be reported … Continue reading Self-Employment Income Support Scheme (SEISS) – claim now before 29th January deadline →

National free school meals voucher scheme opens to orders

Edenred site opens for schools to purchase eGift cards for eligible families to use at their choice of supermarkets Schools can begin ordering free school meal vouchers for eligible pupils from today as the Government’s national scheme launches, adding to the support available for disadvantaged families. An online service for schools, the scheme allows schools … Continue reading National free school meals voucher scheme opens to orders →

Coronavirus Job Retention Scheme and Self-Employment Income Support Scheme claims deadlines

Dear @PAYadvice, I’m writing to remind you of upcoming claims deadlines for the following schemes: Coronavirus Job Retention Scheme (CJRS)Self-Employment Income Support Scheme (SEISS) I’d also like to update you on the information we’ll be publishing on CJRS claims from this month. Upcoming deadlines You and your clients can now submit your CJRS furlough claims … Continue reading Coronavirus Job Retention Scheme and Self-Employment Income Support Scheme claims deadlines →

Action required – submit your Coronavirus Job Retention Scheme and Self-Employment Income Support Scheme claims

Dear @PAYadvice, I’m writing to remind you of upcoming deadlines for Coronavirus Job Retention Scheme (CJRS) and Self-Employment Income Support Scheme (SEISS) claims, and to answer some questions you or your clients might have, too. CJRS December claims deadline You must submit any December claims no later than‌‌ ‌Thursday‌‌ ‌14‌‌ ‌January. You or your clients … Continue reading Action required – submit your Coronavirus Job Retention Scheme and Self-Employment Income Support Scheme claims →

Claim the Self-Employment Income Support Scheme – now open

The SEISS claim facility was opened on Sunday 29th November 2020. To make a claim for the third grant your business must have had a new or continuing impact from coronavirus between 1st November 2020 and 29th January 2021, which you reasonably believe will have a significant reduction in your profits. The third taxable grant … Continue reading Claim the Self-Employment Income Support Scheme – now open →

Self-Employment Income Support Scheme (SEISS) third grant: Full details now published

Dear @PAYadvice, Full details of the third SEISS grant to support self-employed people affected by coronavirus (COVID-19) have been published on GOV‌‌.UK.   The rules on who is eligible to claim have changed. However, your clients will still need to have submitted a Self Assessment tax return for the tax year 2018 to 2019 showing self-employment income in … Continue reading Self-Employment Income Support Scheme (SEISS) third grant: Full details now published →

Claim a grant through the extended Self-Employment Income Support Scheme

Applications for the Self Employment Income Support Scheme Grant Extension open on Monday 30th November 2020. The full eligibility criteria is now available. The scheme has been extended. If not eligible for the first and second grant then a business is also not eligible for the third. To make a claim for the third grant … Continue reading Claim a grant through the extended Self-Employment Income Support Scheme →

Off-Payroll working rules (IR35) – are you prepared?

Off-Payroll Working Rules (IR35): education and support to help prepare for April 2021 changes Medium or large-sized non-public sector organisations and contractors need to start to prepare for the changes to the off-payroll working rules. These changes were legislated for in the recent Finance Act and will come into effect on 6th April 2021. Changes … Continue reading Off-Payroll working rules (IR35) – are you prepared? →

Chancellor statement to the house – Furlough extension

The oral statement of the Chancellor of the Exchequer announcing the extension to the Job Retention a Scheme referred also as furlough can be viewed on the following button: Chancellors statement to the houseFurlough extension PAYadvice.UK 5/11/2020

Government extends Furlough to March and increases self-employed support

Workers across the United Kingdom will benefit from increased support with a five-month extension of the furlough scheme into Spring 2021, the Chancellor announced today, 5 November. businesses and people across the UK given certainty over winter months with further support announced by Chancellor Rishi Sunakthe furlough scheme will now be extended until the end … Continue reading Government extends Furlough to March and increases self-employed support →

Government extends extra welfare support for self-employed for further six months

Zero Minimum Income Floor for UC regulations signed into law Universal Credit will continue to be calculated based on current earnings as Minimum Income Floor suspension extended. The Minimum Income Floor (MIF) for self-employed Universal Credit claimants will remain suspended until the end of April 2021, extending a vital lifeline for hundreds of thousands of … Continue reading Government extends extra welfare support for self-employed for further six months →

Government increases support for self-employed across the UK

The government is increasing its support to the self-employed over the coming months and ensuring people get paid faster than previously planned, it was announced Monday 2nd November 2020. government increases support under the third instalment of the UK-wide Self-Employment Income Support Scheme, with people receiving 80% of average trading profits for Novembergrants will also … Continue reading Government increases support for self-employed across the UK →

Self Employment Income Support Grant – claim from 14th December 2020

The Self-Employment Income Support Scheme Grant Extension provides support in the form of two grants, each for three month periods covering November 2020 to January 2021 and February 2021 to April 2021. The Government will provide a taxable grant covering 40% of average monthly trading profits, paid out in a single instalment covering 3 months’ … Continue reading Self Employment Income Support Grant – claim from 14th December 2020 →

Chancellor increases financial support for the self-employed

Grants for the self-employed doubled to 40% of previous earnings Self-employed grant The Thursday 22nd October 2020 announcement increases the amount of profits covered by the two forthcoming self-employed grants from 20 per cent to 40 per cent, meaning the maximum grant will increase from £1,875 to £3,750. This is a potential further £3.1 billion … Continue reading Chancellor increases financial support for the self-employed →

Off-payroll workers – have you prepared?

With less than 6 months until new law comes into effect, has your business put in place plans to implement changes to the process of: Engagement of contractorsStatus classificationNotification of status to contractors and their intermediariesDispute processsRecord keepingPayroll and finance readinessOrganising appropriate PAYE schemeIdentifying amounts subject to tax and National InsuranceBudgeting for the employers National … Continue reading Off-payroll workers – have you prepared? →

Business interruption insurance – treasury letter

Correspondence - Treatment of government grant support schemes in business interruption insurance settlements: Letter from the Economic Secretary to the Treasury to the Association of British Insurers John Glen MP John Glen, the Economic Secretary to the Treasury has written to the Director General of the Association of British Insurers (ABI), Huw Evans. Huw Evans, … Continue reading Business interruption insurance – treasury letter →

Self Employment Income Support Scheme (SEISS) extended

The Self-Employment Income Support Scheme (SEISS) extension will support viable traders who are facing reduced demand over the winter months, covering 20 per cent of average monthly trading profits via a government grant. The SEISS Grant Extension provides critical support to the self-employed. The grant will be limited to self-employed individuals who are currently eligible for the … Continue reading Self Employment Income Support Scheme (SEISS) extended →

Self-Employment Income Support Scheme (SESS) now open

If you're self-employed or a member of a partnership and have been adversely affected by coronavirus (COVID-19), the scheme allowed a claim for a first taxable grant. Applications closed on 13 July 2020. A second and final taxable grant is worth 70% of average monthly trading profits, paid out in a single instalment covering 3 … Continue reading Self-Employment Income Support Scheme (SESS) now open →

The future of work can be flexible

There has been a steep rise in the number of employees working flexibly during lockdown, alongside this there has also been a decline in stigma around flexible working during this period. A survey by the University of Kent and Birmingham University asked over 1,000 employed and self-employed workers about working from home during the pandemic … Continue reading The future of work can be flexible →

£20 million to improve small business leadership and problem-solving skills #coronavirus

Two new leadership programmes to help small business leaders grow in the wake of the coronavirus pandemic have been launched Government investment in small business training, management and productivity£20 million commitment at critical time for small businesses dealing with the impact of coronavirusinterested small business leaders are encouraged to sign up The Small Business Leadership … Continue reading £20 million to improve small business leadership and problem-solving skills #coronavirus →

Find a restaurant – Eat Out to Help Out

From 3 to 31 August, get discounts when you eat in at restaurants that are registered with the Eat Out to Help Out Scheme: get a 50% discount on food or non-alcoholic drinks to eat or drink in (up to a maximum of £10 discount per diner)every Monday, Tuesday and Wednesday between 3 and 31 … Continue reading Find a restaurant – Eat Out to Help Out →

Employees encouraged to report furlough cheats

The government states ‘The Job Retention Scheme was put in place to save jobs’. HM Revenue and Customs are asking employees to help protect the scheme and U.K. taxpayers who fund it by reporting cheats. If employees are concerned that their employer is or has abused the scheme, to report their employer to HMRC. Over … Continue reading Employees encouraged to report furlough cheats →

Employment in the UK

The Office for National Statistics have released their latest labour market report. While some have lost their jobs, the biggest response of employers remains cutting hours rather than employment. Lower hours includes putting people onto furlough - though there is some evidence of some people returning to work. Furloughed workers are often on partial pay, … Continue reading Employment in the UK →

Latest on the #coronavirus Job Retention Scheme (CJRS) and the Self Employment Income Scheme

The UK government have confirmed the statistics up to midnight 12 July 2020. £31.7bn for small business through Bounce Back loans, with around 55k interruption loan approvals The Coronavirus Job Retention Scheme has closed to new entrants as it is now phasing through flexible furlough. 9.4 million jobs had been furloughed with government grants of … Continue reading Latest on the #coronavirus Job Retention Scheme (CJRS) and the Self Employment Income Scheme →

Over a million bounce back loans approved for small businesses #COVID19 #coronavirus

Bounce Back loans approved for small firms to help them survive the Coronavirus pandemic has passed the one million milestone. The Bounce Back Loan Scheme has been a success in providing firms with vital government-backed loans at a low, affordable rate and with no interest or repayments due in the first year. Today’s update shows … Continue reading Over a million bounce back loans approved for small businesses #COVID19 #coronavirus →

Self-employed – Make your SEISS grant claim by 13th July 2020 #COVID19 #coronavirus

If you’re eligible and your business has been adversely affected you must make your claim for the first grant on or before 13 July 2020. Claim SEISS now This scheme is being extended. If you’re eligible for the second and final grant, and your business has been adversely affected on or after 14 July 2020 … Continue reading Self-employed – Make your SEISS grant claim by 13th July 2020 #COVID19 #coronavirus →

Treasury Direction under Sections 71 and 76 of the Coronavirus Act 2020: Self-Employment Income Support Scheme (SEISS)

On 30 April, the Chancellor made a Treasury Direction under Section 71 and 76 of the Coronavirus Act. It sets out that HMRC are responsible for the payment and management of amounts to be paid under the Self-Employment Income Support Scheme (SEISS). The Chancellor has made a further Treasury Direction (2nd July 2020) under Sections … Continue reading Treasury Direction under Sections 71 and 76 of the Coronavirus Act 2020: Self-Employment Income Support Scheme (SEISS) →

Small Business Accelerator – free online educational programme

Today @AmazonUK and @e_nation have launched the Amazon Small Business Accelerator which will help over 200,000 businesses to start, recover, grow, and accelerate thanks to free training, services and support. Amazon Small Business Accelerator is a free, online educational programme for anyone who wants to start a new online business or grow an existing one. … Continue reading Small Business Accelerator – free online educational programme →

#coronavirus Job Retention Scheme and Self Employed Income Support Scheme update – 21st June 2020

The Coronavirus Job Retention Scheme Part 1 is soon coming to an end on 30th June 2020. Announced by the Chancellor of the Exchequer on Friday 20th March 2020, the Scheme covered from 1st March through 30th June for those who were furloughed for a minimum period of 21 consecutive days. The last new furlough … Continue reading #coronavirus Job Retention Scheme and Self Employed Income Support Scheme update – 21st June 2020 →

Self-employed new parents can claim #COVID19 support grant #coronavirus

Z&R by PSP (c)2020 The government have announced that self-employed parents whose trading profits dipped in 2018/2019 because they took time out to have children will be able to claim for a payment under the self-employed income support scheme (SEISS). The scheme requires claimants to have traded in 2018/2019 with their profits making up at … Continue reading Self-employed new parents can claim #COVID19 support grant #coronavirus →

Reservists returning to civilian work eligible for #coronavirus #COVID19 government support schemes

Military reservists able to access the self employment scheme and those returning to work the Coronavirus job retention scheme (CJRS) Rishi Sunak said serviceman and servicewomen who come back to their day job after completing a period of active duty will be able to be furloughed by their employer under the recently extended Coronavirus Job … Continue reading Reservists returning to civilian work eligible for #coronavirus #COVID19 government support schemes →

UK Government figures confirm support for incomes across all nations during #coronavirus #COVID19

new figures highlight Government support in protecting jobs and helping individuals across all four nationsstatistics for Coronavirus Jobs Retention Scheme and Self-Employment Income Support Scheme show uptake of schemesnew figures also reveal size and sector of businesses furloughing staff Under the CJRS, up until the 31 May more than 6.4 million jobs were furloughed in … Continue reading UK Government figures confirm support for incomes across all nations during #coronavirus #COVID19 →

Self-Employed – have you claimed SEISS #coronavirus #COVID19

The Self-Employment Income Support Scheme opened on 13 May and provides assistance to the qualifying self-employed. By midnight on 7 June the government have confirmed: ➡️ 2.6m claims ➡️ £7.5bn claimed Have you claimed? Do you qualify? Your tax agent / accountant cannot apply for this grant on your behalf! Claim a grant through the … Continue reading Self-Employed – have you claimed SEISS #coronavirus #COVID19 →

Self Employment Income Support Scheme extended – #COVID19 #coronavirus

Rishi Sunak has announced (29th May 2020) an extension to SEISS. “I know people have been waiting to hear and I understand they have been anxious. I can confirm today the self-employment income support scheme will be extended”. Rishi Sunak “Applications will open in August. The second final grant will be paid out in a … Continue reading Self Employment Income Support Scheme extended – #COVID19 #coronavirus →

#COVID19 government help webinars #coronavirus

Jim Harra, of the HMRC has shared the following: The government is committed to doing whatever it takes to support businesses and individuals through the coronavirus pandemic and the following webinars have the information, guidance and tips to help you to support your clients. There are a limited number of spaces, so save your place now. … Continue reading #COVID19 government help webinars #coronavirus →

Off-Payroll rules progressing for April 2021 private sector introduction

The government are progressing the introduction of off-payroll working / deemed employment / IR35 changes in the private sector to mirror tax and NI activity that has applied in the public sector for the past few years. Originally intended for introduction from April 2020 and delayed by #coronavirus #COVID19, an amendment to the finance bill … Continue reading Off-Payroll rules progressing for April 2021 private sector introduction →

Self Assessment – Affected by #COVID19 – Defer your July payment – #coronavirus

New HMRC guidance explains how Self Assessment customers who have been affected by #coronavirus can defer their payment on account that would normally be due in July. For those who need to defer, remember to cancel any direct debits set up to make this payment. HMRC will automatically treat it as a deferral if they … Continue reading Self Assessment – Affected by #COVID19 – Defer your July payment – #coronavirus →

Applications for Self-Employment Income Support Scheme open early #COVID19 #coronavirud

From 8am Wednesday 13th May 2020 self-employed individuals or members of partnerships whose business has been adversely affected by coronavirus are able to apply for a Self-Employment Income Support Scheme (SEISS) grant worth 80% of their average monthly trading profits. Millions are expected to benefit from the scheme with the payments – to be paid in a single instalment covering … Continue reading Applications for Self-Employment Income Support Scheme open early #COVID19 #coronavirud →

Going back to the workplace – is your employer prepared? #COVID19 #coronavirus

Is your employer instructing you to return to your normal workplace? Can you undertake work from home? The government are asking employers to put in place additional measures and comply with the governments requirements on managing the risks of #COVID19. Where employers have complied, they have been asked to display the poster illustrated above to … Continue reading Going back to the workplace – is your employer prepared? #COVID19 #coronavirus →

Self-Employed Income Support Scheme – apply from Wednesday 13th May #COVID19 #coronavirus

How to claim The online service is available from 13 May 2020. If eligible, HMRC will tell you the date you can make your claim. If your claim is approved you’ll receive your payment within 6 working days. If unable to claim online an alternative will be available. Scams If you receive texts, calls or … Continue reading Self-Employed Income Support Scheme – apply from Wednesday 13th May #COVID19 #coronavirus →

Online tool – Self-Employment Income Support Scheme (SEISS) #COVID19 #coronavirus

HMRC are starting to contact the self-employed who are likely to be eligible for SEISS. The contact is via a combination of emails, SMS texts and letters, to tell you what to do to get ready to claim. Applications are opening in tranches based on you unique taxpayer number (UTR) which is given to all … Continue reading Online tool – Self-Employment Income Support Scheme (SEISS) #COVID19 #coronavirus →

Self-Employment Income Support Scheme updates 1st & 4th May 2020 – #COVID19 #coronavirus

https://www.gov.uk/guidance/claim-a-grant-through-the-coronavirus-covid-19-self-employment-income-support-scheme#claim The Chancellor has made a Treasury Direction under Sections 71 and 76 of the Coronavirus Act 2020. https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/882593/SEISS_Direction_Final_-_SIGNED.pdf HMRC are responsible for the payment and management of amounts to be paid under the Self-Employment Income Support Scheme, as in the Schedule to the Direction. The Direction sets the legal framework. This week HMRC will … Continue reading Self-Employment Income Support Scheme updates 1st & 4th May 2020 – #COVID19 #coronavirus →

Business support – Coronavirus (COVID-19)

https://www.gov.uk/coronavirus/business-support Coronavirus business support What you can do now Find out what financial support schemes you may be eligible for Find out how to claim foryour employee’ wages through theCoronavirus Job Retention Scheme Find out how to apply for a grant if you’re self-employed PAYadvice.UK 21/4/2020

What furloughed workers need to know

Jim Harra, HMRC Jim Harra, First Permanent Secretary and CEO at HMRC explains what you need to know about getting government support... In recent weeks, the government has announced an unprecedented set of measures to help support citizens and businesses during the COVID-19 crisis. Measures that HMRC is responsible for have included deferral of VAT and Self-Assessment payments, the … Continue reading What furloughed workers need to know →

At home with time on your hands as a result of #COVID19 #coronavirus – Free courses with the Open University OpenLearn

https://www.open.edu/openlearn/ Have you found yourself furloughed or even unfortunately laid off or made redundant and now have time on your hands at home? Has your self employment work dried up? Don’t let #COVID19 #coronavirus defeat you. Why not keep your knowledge and skill growing. Whether for future work or personal growth, there are free resources … Continue reading At home with time on your hands as a result of #COVID19 #coronavirus – Free courses with the Open University OpenLearn →

VAT deferral #COVID19 #coronavirus

https://www.gov.uk/guidance/deferral-of-vat-payments-due-to-coronavirus-covid-19 If you’re a UK VAT registered business and have a VAT payment due between 20 March 2020 and 30 June 2020, you have the option to: defer the payment until a later datepay the VAT due as normal HMRC will not charge interest or penalties on any amount deferred as a result of the … Continue reading VAT deferral #COVID19 #coronavirus →

New Income Support Scheme for Self-employed #COVID19 #coronavirus

https://www.gov.uk/guidance/claim-a-grant-through-the-coronavirus-covid-19-self-employment-income-support-scheme The scheme allows the self employed to claim a taxable grant worth 80% of trading profits up to a maximum of £2,500 per month for the next 3 months. Who can apply Self-employed individual or a member of a partnership and: submitted Self Assessment tax return for 2018-19traded 2019-20are trading when you apply, or … Continue reading New Income Support Scheme for Self-employed #COVID19 #coronavirus →

#COVID19 #coronavirus Guidance for the Self-employed

Guidance for self-employed https://www.gov.uk/government/publications/guidance-to-employers-and-businesses-about-covid-19/covid-19-guidance-for-employees If you’re self-employed or not eligible for SSP If you are not eligible for SSP – for example if you are self-employed or earning below the Lower Earnings Limit of £118 per week – and you have COVID-19 or are advised to stay at home, you can now more easily make a … Continue reading #COVID19 #coronavirus Guidance for the Self-employed →