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March 27 2020

Statutory Sick Pay (SSP) - Information for individuals

Statutory Sick Pay (SSP) - Information for individuals

If you think you are entitled to Statutory Sick Pay (SSP), please refer to our workfoirce update on the 24th March for details or visit www.gov.uk/statutory-sick-pay

What if I am self-employed?

Last night the Chancellor Rishi Sunak announced additional measures to help businesses and the self-employed impacted by coronavirus (extracts below - restrictions do apply - see the link for further details).

  • HMG will pay the self-employed a taxable grant worth 80% of their average monthly profits over the last three years, up to £2500 per month
  • This will be available for three months. Will be extended if necessary
  • People can claim these grants and continue to do business
  • Covers the self-employed to the same limit as those who are furloughed

To ensure the funds reaches the people most in need:

  • Open to those with trading profits of up to £50,000 per annum
  • Available to people who i) make the majority of their income being self-employed, ii) Have a self-employed tax return for 2019

How to access

  • HMRC will contact you directly and you’ll have to fill out a form
  • HMRC will pay the grant directly to bank accounts.
  • Aim is to pay at the beginning of June (3 months backdated). Hoping to be quicker than that but recognition HMRC are now having to design two new systems
  • Anyone who missed the January filing deadline has an extra 4 weeks from today to submit their tax return.

Further details can be found at - https://www.gov.uk/government/news/chancellor-gives-support-to-millions-of-self-employed-individuals

 

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