Archive for March, 2020

24th MARCH 2020 – INFORMATION REGARDING THE SUPPORT AVAILABLE FOR THE SELF-EMPLOYED

Contribution-based Employment and support allowance (ESA)

• Can apply if directly affected by coronavirus or self-isolating
• Have to have paid enough NI contributions in last two to three years
• You can get up to £73 a week – This wont be affected by savings or income
• Only way affected is if have private pension worth more than £85 per week
• Can claim from first day of sickness/self-isolation
• Payments are made fortnightly in arrears
• People who meet criteria should receive payment after two weeks
To apply – print of NSESAF1 form
Contact jobcentre plus: 0800 169 0350

Universal Credit

This helps with living costs – paid monthly
You cannot apply if you have £16,000 savings

The standard monthly allowances are:
• If you’re single and under 25: £251.77
• If you’re single and over 25: £317.82
• If you’re in a couple and both under 25: £395.20 (for both)
• If you’re in a couple and either of you is over 25: £498.89 (for both)

The self-employed can now access universal rate at £94.25 Per Week (equivalent to statutory sick pay) The government is increasing the standard universal credit allowance by £1,000 over the next 12 months

The biggest change to universal credits is the housing payment within the universal credit
This could work for private renters, interest on mortgages and various other housing payments. This has been increased substantially

To apply : https://www.universal-credit.service.gov.uk/
Universal Credit Helpline: 0800 328 5644

If you already claim benefits

If you are off work due to coronavirus you may be entitled to more money due to loss of earnings according to citizens advice

Self-assessments

The next set of self-assessment tax payments are delayed to January 2021

If you can not pay your tax
• You can apply for time to pay arrangement
• This means arrange with HMRC a payment plan
• No late payment penalties and interest due to administrative issues due to coronavirus
HMRC helpline – 0800 0159 559

THE MAINSTREAM MEDIA ARE REPORTING THE GOVERNMENT WILL ANNOUNCE FURTHER MEASURES TO SUPPORT THE SELF-EMPLOYED (25/03/2020)

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Corona Virus Information

A few notes from us with answers to recently asked questions
Please check the website again with further updates.

Statutory Sick Pay
£94.25 Per Week
Paid by employer for up to 28 weeks.
Includes if caring or advised to do a household quarantine
From Day 1
Can get isolation note from NHS 111 online – replacing sick note. (Accepted at jobcentre)

Self-Employed workers
Make a claim for universal credit
or
New style Employment and support allowance
Regular fortnight payment
unlikely to receive if have not paid NI (must have worked last 2 to 3 years)
Can also claim UC if have combined savings of less than £16,000
Cannot claim alongside severe disability premium
May claim other benefits
Require filing in NSESAF1 claim form

Furloughed Workers
Designate employees as ‘furloughed workers’ – Notify employees of this change (this remains subject to existing employment law
Submit information to HMRC that have been furloughed and their earnings. (online Portal)
HMRC will pay 80% up to £2,500
To qualify for this scheme, you should not undertake work for them while you are furloughed.
You will remain employed while furloughed, employer can choose to pay difference between payment and salary
If there is a difference may be eliable for support including UC

VAT
Deferral will apply from 20 March 2020 until 30 June 2020
All businesses are eligible
Automatic no need to apply
Will have until 2021 tax year to pay any liabilities

Income Tax
Payments due on 31 July 2020 deferred until 31 January 2021
All self-employed eligible
Automatic
No interest or penalties will be charged in period

Time to pay service
All businesses and self-employed people in financial distress with liabilities may be eligible for support
Arrangements agreed on case-by-case basis
0800 015 9559

Insurance
Businesses that have cover for both pandemics and government ordered closures should be covered
Check terms and conditions with suppliers
Most businesses are unlikely to be covered as standard policies exclude pandemics

Support for businesses who are paying sick pay
Will refund 2 weeks SSP per eligible employee
Employers with fewer than 250 employees will be eligible (as of 28 February 2020)
Employers will be able to reclaim expenditure for an employee
Employers should maintain records of staff absences and payments of SSP – Require only isolation note
Government working on setting up repayment mechanism

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