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1195519

	registered interest
	date	13/05/2020
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Self-employed: Coronavirus
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, if he will make it his policy to calculate levels of covid-19 related grants to the self-employed on the basis of turnover rather than profits.
	tabling member constituency	Cardiff West
	tabling member printed	Kevin Brennan
	uin	46567
	answer	answer is ministerial correction date of answer 21/05/2020 answer text <p>The Self-Employment Income Support Scheme (SEISS) allows eligible individuals to claim a taxable grant worth 80 per cent of their average monthly trading profits, paid out in a single instalment covering three months, and capped at £7,500 in total. This scheme is intended to support individuals who rely primarily on their trading profits from self-employment and who have been adversely affected by COVID-19.</p><p> </p><p>The self-employed are a very diverse population. They have a wide mix of turnover and profits, with monthly and annual variations even in normal times. The SEISS is based on trading profits, as providing support on the basis of an individual’s past turnover would be unfair. For example, an individual could have had a high turnover, but have made a loss. A turnover-based system would provide more support to such an individual than to an individual with a lower turnover who made a profit.</p><p> </p><p>More information about how income and trading profits are calculated can be found at <a href="http://www.gov.uk/guidance/how-hmrc-works-out-total-income-and-trading-profits-for-the-self-employment-income-support-scheme" target="_blank">www.gov.uk/guidance/how-hmrc-works-out-total-income-and-trading-profits-for-the-self-employment-income-support-scheme</a>.</p> answering member constituency Hereford and South Herefordshire answering member printed Jesse Norman grouped question UIN 46568 question first answered 21/05/2020 19:31:30 answering member 3991 label Biography information for Jesse Norman
	tabling member	1400 label Biography information for Kevin Brennan

1195520

	registered interest
	date	13/05/2020
	answering body	Treasury
	answering dept id	14
	answering dept short name	Treasury
	answering dept sort name	Treasury
	hansard heading	Arts: Coronavirus
	house id	1
	legislature	25259 pref label House of Commons
	question text	To ask the Chancellor of the Exchequer, what assessment he has made of the effect on the finances of self-employed people working in the creative industries of calculating levels of covid-19 related grants on the basis of profits rather than turnover.
	tabling member constituency	Cardiff West
	tabling member printed	Kevin Brennan
	uin	46568
	answer	answer is ministerial correction date of answer 21/05/2020 answer text <p>The Self-Employment Income Support Scheme (SEISS) allows eligible individuals to claim a taxable grant worth 80 per cent of their average monthly trading profits, paid out in a single instalment covering three months, and capped at £7,500 in total. This scheme is intended to support individuals who rely primarily on their trading profits from self-employment and who have been adversely affected by COVID-19.</p><p> </p><p>The self-employed are a very diverse population. They have a wide mix of turnover and profits, with monthly and annual variations even in normal times. The SEISS is based on trading profits, as providing support on the basis of an individual’s past turnover would be unfair. For example, an individual could have had a high turnover, but have made a loss. A turnover-based system would provide more support to such an individual than to an individual with a lower turnover who made a profit.</p><p> </p><p>More information about how income and trading profits are calculated can be found at <a href="http://www.gov.uk/guidance/how-hmrc-works-out-total-income-and-trading-profits-for-the-self-employment-income-support-scheme" target="_blank">www.gov.uk/guidance/how-hmrc-works-out-total-income-and-trading-profits-for-the-self-employment-income-support-scheme</a>.</p> answering member constituency Hereford and South Herefordshire answering member printed Jesse Norman grouped question UIN 46567 question first answered 21/05/2020 19:31:31 answering member 3991 label Biography information for Jesse Norman
	tabling member	1400 label Biography information for Kevin Brennan