24 Mar 2020
Covid-19: Proposed Statutory Self-Employment Pay
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
(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.
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.