Coronavirus disaster: Self-Employment Income Support Scheme opened early by HMRC | Personal Finance | Finance

“An estimated two million self-employed individuals are ineligible for any assist from the federal government. Those who earn too little, an excessive amount of, began freelancing too late, or took day out to assist kids or family members: they’ve been left excessive and dry. Without assist from SEISS or in any other case, hundreds of thousands of companies, properties and households are at stake. 

“The Chancellor has, fairly rightly, massively prolonged the furlough scheme. Yet nothing extra is forthcoming for the self-employed. For many freelancers, there aren’t any glimmers of hope. Without vastly elevated, backdated monetary help they don’t stand an opportunity of weathering this storm. 

“Otherwise, we’re on the right track for mass bankruptcies, insolvencies, and the decimation of the UK’s artistic workforce. The authorities can not proceed to assist staff who occur to be on payroll with out additionally addressing the wholly insufficient assist system put in place for the freelance and self-employed. We urge them to behave, quick.”

Officials have advised the BBC the worth of claims made through the SEISS system up to now have reached greater than £340million.

Source link

more recommended stories