SEISS: Government urged to help the self-employed as current support ‘misses the mark’
Martin Lewis explains the Self Employed Income Support scheme
SEISS is formally known as the Self-Employment Income Support Scheme, and offers a financial helping hand to eligible self-employed people through grants. These grants are worth a proportion of a person’s self-employed income, and provide support at regular intervals. As England was plunged into a third lockdown by Prime Minister Boris Johnson, many speculated as to whether there would be additional support offered for the self-employed.
Yesterday, the Chancellor Rishi Sunak unveiled a package of support of £4.6billion for retail, hospitality and leisure businesses to sustain jobs throughout the pandemic.
However, some have suggested support, particularly for the self-employed, has not gone far enough, and more action should be taken.
The Association of Independent Professionals and the Self-Employed (IPSE) described the Chancellor’s support as “missing the mark” for the self-employed.
This, it stated, is because the package is designed for companies with premises.
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Derek Cribb, CEO of IPSE, commented on the matter and the current situation as England enters a third lockdown.
He said: “There’s no doubt the new lockdown measures will have a severe impact on the already struggling self-employed sector.
“The school closure is also likely to hit self-employed parents particularly hard, cutting into their working week.
“The new support package, aimed at businesses with premises, misses the mark and will do little to mitigate the financial damage to the self-employed sector.”
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Attention has also been drawn to groups excluded from government support schemes, for a number of reasons.
The government has been urged to provide support to these individuals, and modify their approach going forward.
Mr Cribb added: “After almost a year, there are still drastic gaps in the support available to the self-employed, with over 1.5million sole directors, newly self-employed people and others still excluded.
“We urge the government to work with business groups to plug these gaps and get support to freelancers in need over the coming months.
“We are keen to work with government to find a solution and make this right.”
Of course, another important issue facing many self-employed people is the upcoming self-assessment tax deadline.
The all-important date is fast approaching on January 31, 2021, and requires Britons to take action on payment.
However, concern has once again been expressed about this date, given the challenging circumstances faced by many self-employed people.
The Institute of Chartered Accountants in England and Wales (ICAEW) has called upon HMRC to take action on the matter.
The organisation has asked the Revenue to grant a one month automatic waive of late filing penalties for self-assessments.
This, it has stated, is because under current conditions, the ICAEW believes accountants and their clients will struggle to meet the self-assessment deadline.
Express.co.uk has reached out to the Treasury for comment on the support offered to self-employed people.
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