To ask the Chancellor of the Exchequer, whether he has plans to extend the Self-Employment Income Support Scheme to people whose self-employed profits are less than 50 per cent of their income.
22 May 2020
The Self-Employment Income Support Scheme (SEISS) is only available to those whose trading profit makes up 50% or more of their total income, as the SEISS aims to provide financial support to those who rely on self-employment as their main source of income. Many individuals earn small amounts of income from self-employment in addition to income from employment and other sources. These individuals may benefit from other policies such as the Coronavirus Job Retention Scheme.
Individuals may have access to a range of grants and loans depending on their circumstances, and the SEISS supplements the significant support already announced for UK businesses, including the Coronavirus Business Interruption Loan Scheme and the deferral of tax payments. More information about the full range of business support measures is available at www.businesssupport.gov.uk/coronavirus-business-support/.