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1010366
unstar this property registered interest true remove filter
star this property date less than 2018-11-19more like thismore than 2018-11-19
star this property answering body
Department for Work and Pensions more like this
star this property answering dept id 29 more like this
star this property answering dept short name Work and Pensions more like this
unstar this property answering dept sort name Work and Pensions more like this
star this property hansard heading Universal Credit: Self-employed remove filter
star this property house id 1 more like this
star this property legislature
25259
star this property pref label House of Commons more like this
star this property question text To ask the Secretary of State for Work and Pensions, what steps she is taking to ensure that the calculation of universal credit for self-employed people (a) accurately reflects (i) the amount that they allocate to expenses to maintain their business and (ii) their take-home earnings and (b) leaves those people in a better financial position as a result of being in work. more like this
star this property tabling member constituency Barnsley Central more like this
star this property tabling member printed
Dan Jarvis more like this
star this property uin 192922 more like this
star this property answer
answer
unstar this property is ministerial correction false more like this
star this property date of answer less than 2018-11-22more like thismore than 2018-11-22
star this property answer text <p>Claimants with earnings from self-employment are required to report them to DWP on a monthly basis. These earnings are reported on a simplified 'cash accounting' basis, which asks for the total income from receipts into the business and details of payments out of the business under defined categories during the assessment period. We assess net earnings after deducting business expenses. The requirements were designed to be as simple as possible in order for self-employed claimants to easily report their earnings and monthly reporting allows Universal Credit to be adjusted on a monthly basis.</p><p> </p><p>Where claimants are in the 12-month grace period or are gainfully self-employed and earning above the Minimum Income Floor (MIF), the single taper rate acts to ensure that they are better off working and earning more under Universal Credit, removing the cliff edges from the old legacy benefits system.</p><p>We announced at Autumn Budget 2018 that all new gainfully self-employed claimants can, from September 2020, access a 12-month exemption period from the MIF. This change will assist all gainfully self-employed claimants to grow their earnings, prepare and adjust for the application of the MIF. In 2022/23 it will allow 130,000 self-employed people the space to grow a successful business when moving on to Universal Credit.</p>
star this property answering member constituency Reading West more like this
star this property answering member printed Alok Sharma remove filter
star this property question first answered
remove maximum value filtermore like thismore than 2018-11-22T16:20:35.12Z
star this property answering member
4014
star this property label Biography information for Alok Sharma more like this
star this property tabling member
4243
unstar this property label Biography information for Dan Jarvis more like this