Covid-19: self employed will receive 80% package financial support

The Coronavirus Bill has received Royal Assent and is now in statute, setting out the bare details about the plans for a support package for the self employed, with detail to follow in tonight's televised briefing by the Chancellor

This new scheme has been introduced in order to make provision for self-employed individuals (and freelancers) to receive the lower of 80% of their net monthly earnings and £2,917.

The Treasury has been working closely with HMRC officials on the technical issues around criteria and eligibility, and is mindful of the potential for fraud and tax abuse.

Detailed guidance will be published by HMRC.

Further details are yet to be announced.

The Chancellor Rishi Sunak will address the country at tonight’s televised covid-19 briefing.

Chancellor finalising package of financial support for self-employed

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