The self-employed income support scheme (SEISS) was announced on 26 March, and now we have more details of how this scheme will work in practice. Details below:Coronavirus support for the self employed – update 9.4.20
Currently, most of the questions being asked of us are in respect of the support available for employees. Whilst the guidance provided by the Government has been updated, there is still a lot we do not know and are probably not going to get black and white answers to, for all situations. However, I thought it would be useful to share some of the frequently asked questions to help you. There are 3 documents covering 48 questions, but I would suggest you start on the most recent, Q31-48, as some of the earlier ones have now been superseded.
Please note, at the moment it is still not possible to actually make the claim.
I’ve also attached a slightly updated Furlough agreement – this should be signed by both you as employer and the employee who is being put on Furlough and retained for your records.
One of the points that has come out of the recent guidance is that to apply for the recovery of the Furlough payment you will need to have an online HMRC PAYE account. Many of you already have this in place, as you would require it for VAT but you may not have PAYE attached to it, especially if Liric have been your payroll agents. We will send out a separate email with the relevant information on how to apply for this, or to attach PAYE to an existing account.
The link to the Government guidance on the CJRS is https://www.gov.uk/guidance/claim-for-wage-costs-through-the-coronavirus-job-retention-scheme