SELF EMPLOYED
Summary of Government Support produced by Prager Metis – Last updated 23 March 2020
What we know
At this present time, there is limited help available for self-employed persons but what we do now currently is outlined below.
Increase in the Universal Standard Allowance by £1,000 a year and raising the working tax credit basic element by the same sum.
Accelerating processing of claims for the Universal Credit so that applicants do not face undue delays for the benefit.
Delay of off-payroll provisions for contractors deemed to be employees until 6 April 2021.
Mortgage payment holiday for three months if this is needed.
The next self assessment payments (July2020) are to be deferred until January 2021.
VAT deferment (please see separate factsheet).
Who to contact
For making a claim to universal credit: Click Here.
For information on mortgage payment holiday:
Please contact your lender to arrange this.
Anticipated Availability
The initiatives outlined are operative.
Further information
Please see the Government Publication “Covid-19 Support for Business”.
Useful links
