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<p>The Self-Employment Income Support Scheme (SEISS) is designed to provide financial
support to those who rely on self-employment as their main source of income. This
aims to ensure the SEISS is targeted at those who need it the most. Many individuals
earn small amounts of income from self-employment in addition to income from employment
and other sources.</p><p>Self-employed individuals, including members of partnerships,
are eligible for the SEISS if they have submitted their Income Tax Self Assessment
tax return for the tax year 2018-19, continued to trade, and have been adversely affected
by COVID-19. To qualify, their self-employed trading profits must be less than £50,000,
with more than half of their income coming from self-employment. Some 95 per cent
of people who receive the majority of their income from self-employment could benefit
from this scheme.</p><p> </p><p>Those with trading profits less than 50% of their
total income may still benefit from other support, including the Coronavirus Job Retention
Scheme. Individuals may have access to a range of grants and loans depending on their
circumstances, and the SEISS supplements the significant support already announced
for UK businesses, including the Coronavirus Business Interruption Loan Scheme, Bounce
Back Loans Scheme, and the deferral of tax payments.</p>
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