Today, AM of 25th March 2020
The support available to small businesses and the self-employed amid measures to control the spread of COVID-19 is still lacking, but help is being actively worked on in Westminster, to ‘top up’ self employed and freelancer income to 80% of the last 3 years net profit, or £2,917, whichever is lower. But the proposal is not finalised into legislation and we are still awaiting to understand if or how this will help limited company owner-directors, or contractors who pay themselves via dividends.
Again, more changes and more support will surely follow, imminently. For now, I outline what help is available and when we’ll know more about how and when you can apply for support.
Check out the video right here, or play the audio just below:
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References and where to find up to date advice
We are maintaining an always-up-to-date guide to help amid COVID-19 here, complete with all the references alluded to in this podcast.
More To Follow…
We expect an update imminently on the support available, watch this space and take a look at the always-up-to-date guide for more, including any subsequent podcasts we release.
And as I have said during previous podcasts, clients are more than welcome to get in touch for one-to-one advice on what we know to be available, and for everyone we hope this is a generally helpful summary of what we know right now.
More to come soon!
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