Employees & Self-Employed

Covid-19 Employment Support

The government has introduced a range of measures to safe-guard jobs and help the self-employed during the Covid-19 outbreak.

Job Retention Scheme

The Coronavirus Job Retention Scheme is a temporary scheme open to all UK employers  starting from 1 March 2020 until the end of October. It is designed to support employers whose operations have been severely affected by coronavirus (COVID-19).

Employers can use the portal to claim for 80% of furloughed employees’ (employees on a leave of absence) usual monthly wage costs, up to £2,500 a month, plus the associated Employer National Insurance contributions and minimum automatic enrolment employer pension contributions on that wage.

Employers can use this scheme anytime during this period. It is now live and will run until the end of October. The new details are as follows:

  • Furloughed workers across the UK will continue to receive 80% of their current salary, up to £2,500.
  • From August, furloughed workers will be able to return to work part-time with employers being asked to pay a percentage towards the salaries of their furloughed staff.
  • The employer payments will substitute the contribution HMG is currently making, ensuring that staff continue to receive 80% of their salary, up to £2,500 a month.

 

Self-Employment Income Support Scheme

This scheme will allow those eligible to claim a taxable grant worth 80% of their trading profits up to a maximum of £2,500 per month for the next 3 months. This may be extended if needed.

If you have not submitted your Income Tax Self-Assessment tax return for the tax year 2018-19, you must do this by 23 April 2020.

HMRC will use data on 2018-19 returns already submitted to identify those eligible and will risk assess any late returns filed before the 23 April 2020 deadline in the usual way.

The grant will be 80% of your average monthly trading profits, paid out in a single instalment covering 3 months, and capped at £7,500 altogether. The online service will tell you how we’ve worked your grant out.

This scheme is now live. Click the ‘How to Apply’ link below to determine if you’re eligible and get started.

For information regarding SSP, furloughing staff and other HR questions, please visit our Legal & HR page.

Self-assessment: self-assessed income tax payments due in July 2020, will now be deferred to January 2021.