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<p>This is a challenging time for many sectors and individuals, including taxi drivers.
In response to the second national lockdown, the Chancellor announced that the next
Self-Employment Income Support Scheme (SEISS) grant, which covers the period from
November to January, will increase to 80% of average profits, up to £7,500.</p><p>
</p><p>The SEISS continues to be just one element of a substantial package of support
for the self-employed, and those ineligible for the SEISS Grant Extension may still
be eligible for other elements of the support available. The Universal Credit standard
allowance has been temporarily increased for 2020-21 and the Minimum Income Floor
relaxed for the duration of the crisis, so that where self-employed claimants' earnings
have fallen significantly, their Universal Credit award will have increased to reflect
their lower earnings. They may also have access to other elements of the package,
including Bounce Back loans, tax deferrals, rental support, mortgage holidays, self-isolation
support payments and other business support grants.</p><p> </p><p>More widely, the
Government uses the tax system to encourage the uptake of vehicles with low carbon
dioxide emissions to help meet the UK’s legally binding climate change targets. Since
April 2019, purpose built zero-emission capable taxis have been exempted from the
Vehicle Excise Duty expensive car supplement. At Budget 2020, the Government also
announced that First Year Allowances on purchases of zero-emission business cars,
including zero-emission taxis, will remain available until at least March 2025. Businesses
hiring zero-emission cars also retain the ability to set 100% of rental costs against
taxable profits.</p>
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