24 Mar 2020

Covid-19: Proposed Statutory Self-Employment Pay

202003 MHA Monahans Coronavirus

There has been a proposed amendment to the Coronavirus Bill by the House of Commons Public Bill Committee which would mean the Self-Employed would be entitled to Statutory Self-Employment Pay.

If accepted, it compels the government to introduce Regulations providing that “freelancers” and “self-employed people” should receive guaranteed earnings of:

(a) 80% of their monthly net earnings, averaged over the last 3 years

OR

(b) £2,917 per month

whichever is lower.

Given the speed that these emergency legislations are being passed, we expect this to be passed in the coming days.

Read the amendment here: https://publications.parliament.uk/pa/bills/cbill/58-01/0122/amend/coronavirus_daily_cwh_0320rev.14-18.html

If you are concerned about your business or personal finances, please contact us. We are here to help.

It is still business as usual here, and we will continue to support you and your business during these unprecedented times.

Information correct at time of publishing.