CORONAVIRUS USEFUL LINKS: GUIDANCE FOR THE SELF-EMPLOYED
I will be providing regular updates on useful links. Here we look at useful guides and links for the self-employed.
BBC News reports that new measures will be unveiled for self-employed workers facing financial difficulties as a result of coronavirus later (26/03/2020). It has been said that there have been indications that the chancellor has plans to match the 80% salary support given to PAYE employees.
The Institute of Directors’ article ‘Coronavirus: Government support for the self-employed‘ provides a useful explanation of the key measures to note for the self-employed so far and which key measures don’t apply to the self-employed.
One of these measures is that if you’re self-employed and claiming Universal Credit, the government has already announced the minimum income floor will be temporarily abolished from 6 April 2020. The government’s Universal Credit website gives more detail on this, explaining that this change applies to all Universal Credit claimants and will last for the duration of the outbreak. It also has a more detailed page on Universal Credit. The Money Advice Service also has a helpful page regarding Universal Credit if you’re self-employed, as does the government’s official page on gov.uk.
The Association of Independent Professionals and the Self Employed (IPSE) has a coronavirus hub. This includes a page which is regularly updated and sets out what it is doing to help and gives advice for freelancers and the self-employed. It also includes a petition that can be signed to make freelancers’ voice heard. There is a Webinar available which includes details on the IR35 change, as well as an update on the impact of the Coronavirus on the wider self-employed community and IPSE’s reaction to it.
The Small Business Commissioner has provided advice on unpaid invoices and cash flow.
BBC News has an article which discusses some of the reasons as to why it is taking so long to help the self-employed. It explains that it is not straightforward to identify who is and who isn’t self-employed and that calculating a support wage for the self-employed was so difficult because their income could be irregular.