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1198278
registered interest false more like this
date less than 2020-06-01more like thismore than 2020-06-01
answering body
Treasury more like this
answering dept id 14 more like this
answering dept short name Treasury more like this
answering dept sort name Treasury more like this
hansard heading Self-employment Income Support Scheme more like this
house id 1 more like this
legislature
25259
pref label House of Commons more like this
question text To ask the Chancellor of the Exchequer, whether he would make a change in the Self-Employment Income Support Scheme regulations to allow the 2019-20 tax year results to be used in calculations for payments made under that scheme. more like this
tabling member constituency Glasgow North West remove filter
tabling member printed
Carol Monaghan more like this
uin 52155 more like this
answer
answer
is ministerial correction false remove filter
date of answer less than 2020-06-04more like thismore than 2020-06-04
answer text <p>It has not been possible to include those who began trading after the 2018-19 tax year in the Self-Employment Income Support Scheme. This was a very difficult decision and it was taken for practical reasons. It is correct that individuals can now submit Income Tax Self Assessment returns for 2019-20, but there would be significant risks for the public purse if the Government relied on these returns for the scheme. HMRC would not be able to distinguish genuine self-employed individuals who started trading in 2019-20 from fake applications by fraudulent operators and organised criminal gangs seeking to exploit the SEISS. The Government cannot expose the tax system to these risks.</p><p> </p><p>The Chancellor of the Exchequer has said there will be no further extension or changes to the SEISS. However, the newly self-employed may still be eligible for other financial support provided by the Government. The SEISS is one element of a comprehensive package of support for individuals and businesses, including the newly self-employed. This package includes Bounce Back loans, tax deferrals, rental support, increased levels of Universal Credit, mortgage holidays, and other business support grants. More information about the full range of business support measures is available at: <a href="http://www.gov.uk/government/collections/financial-support-for-businesses-during-coronavirus-covid-19" target="_blank">www.gov.uk/government/collections/financial-support-for-businesses-during-coronavirus-covid-19</a>.</p>
answering member constituency Hereford and South Herefordshire remove filter
answering member printed Jesse Norman more like this
question first answered
remove filter
answering member
3991
label Biography information for Jesse Norman more like this
tabling member
4443
label Biography information for Carol Monaghan more like this