How many people are affected?There are more than five million self-employed people in the UK, earning an average of £781 a month. The number has risen fast since the financial crash of a decade ago. About 3.8 million of them may be covered by this scheme. … [Read more...] about Coronavirus: What help are self-employed getting from government?
Self employed tax help
Income-tax deferrals: Self-assessment income tax payments, that were due in July, can be deferred to the end of January next year. Rent support: Businesses who are struggling to pay their rents are protected from eviction until the end of June. Coronavirus business interruption loan scheme: SMEs can get loans and overdrafts of up to £5million for up to six years and the government will guarantee up to 80 per of these. Grants of up to £10,000: Small firms can get grants of up to £10,000 to help with ongoing business costs. VAT payments: VAT payments can be deferred for three months. Tax bill help: SMEs that cannot afford their tax bills can ask HMRC for a “time to pay” arrangement so any debt collection is suspended. Business rates holiday: A 12-month business rates holiday has been introduced for many businesses. Most read in Money … [Read more...] about Is the self-employed government grant scheme going to get extended like furlough to October?
And many in the NHS fear that cold weather will see a second spike in Covid-19, coupled with the normal winter flu season, and the possibility of a measles outbreak after many children missed their vaccinations. At just the time our hospitals get back to normal, they may face huge pressure again - and after having lost hundreds of medics to the first wave. … [Read more...] about One day this will be over. And what will you do?
The following month, the Treasury will pick up 60 per cent of wages up to a cap of £1,875, with employers paying tax contributions and 20 per cent of wages, representing 23 per cent of the gross employment costs, the Government said. … [Read more...] about Furlough scheme changes: Firms must contribute to pay in August & stump up 20% of wages in October
"Uber has also introduced extensive measures to ensure that every driver can access the PPE they need for free to drive safely on the Uber app, if they choose to do so," said a spokesman. … [Read more...] about Coronavirus: Gig economy workers ‘fall between cracks’