Like many businesses, in light of COVID-19, many individuals who are self-employed are facing the signifi…
Like many businesses, in light of COVID-19, many individuals who are self-employed are facing the significant challenges of business continuity and cash flow. Having provided a summary of how the Government is assisting UK businesses and useful guidance on how employers can implement contingency planning and what help employees can seek from the Government, we now set out below a brief description of the measures to be put in place to help self-employed individuals in these unprecedented times.
The Self-Employed Income Support Scheme
The Chancellor announced last Friday (26th March) that the Government intends to introduce a scheme for self-employed individuals which is similar to the Coronavirus Job Retention Scheme available for UK businesses and which should be available to all eligible self-employed individuals no later than the beginning of June. Under this scheme,
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