London Daily

Focus on the big picture.
Thursday, Jul 31, 2025

What self-employment income support is available?

What self-employment income support is available?

Chancellor Rishi Sunak today outlined his Winter Economy Plan to help protect jobs and mitigate the damage to the economy caused by the coronavirus outbreak.

This includes the new furlough scheme replacement, which will see the Government and employers pay two-thirds of employee’s salaries.

The measures have been put in place to help save jobs as Britain prepares for a possible second national lockdown.

But what measures has the Chancellor put in place to support self-employed workers?

What support is available for self-employed workers?


Rishi Sunak announced today that he is extending the self-employed grant scheme, a move that will help thousands of small businesses.

The new self-employed grant will cover 20% of average monthly profits, up to a total of £1,875, spanning November to January next year.


New plans have been put in place to protect small businesses


An additional second grant will also be available for self-employed workers to cover February 2021 to the end of April.

The Government hasn’t yet confirmed how much this second grant will cover, but have said it ‘may be adjusted to respond to changing circumstances.’

The new batch of self-employment grants are nowhere near as generous as the previous two.

In the first round of grants, eligible people got a taxable grant worth 80% of their average monthly profits over the last three financial years.

The grant – paid in a lump sum in June covering March, April and May – was capped at £2,500 a month, or £7,500 in total.

In the second round in August, eligible people got 70% of their average monthly profits, capped at £2,190 a month.

Only those eligible for the current SEISS scheme can qualify for the self-employment grants.

So, you must have filed a tax return for 2018/19, must earn more than 50% of your total income from self-employment and your average trading profit must be no more than £50,000 per year.

Additionally, you need to have been adversely affected by coronavirus to claim. For example, your company must have suffered from reduction in trade, staff illness or extra PPE costs.


Rishi Sunak announced that he is extending the self-employed grant scheme


What other measures did Rishi Sunak announce?


The Chancellor also announced:

*  The hospitality and tourism industry’s VAT cut will be extended until March next year

*  The coronavirus emergency loans for businesses will be extended until the end of the year – and loans can be repaid over ten years

*  Businesses who are struggling to pay back their loans can make interest-only payments

*  Firms can spread their VAT bill over 11 smaller payments to make it easier for them to cough up the cash owed – and no interest

*  People making self-assessment claims can extend their tax bills for another year

Small businesses are also eligible to apply for the Job Support scheme, which will replace furlough.

The scheme is available to employees who work and are paid for at least one-third of their normal hours.

The Government, together with employers, will then cover the final two-thirds of pay.

Speaking at the House of Commons, Mr Sunak said: ‘The primary goal of our economic policy remains unchanged – to support people’s jobs – but the way we achieve that must evolve.’

Newsletter

Related Articles

0:00
0:00
Close
Former Judge Charged After Drunk Driving Crash Kills Comedian in Brazil
Jeff Bezos hasn’t paid a dollar in taxes for decades. He makes billions and pays $0 in taxes, LEGALLY
China Increases Use of Exit Bans Amid Rising U.S. Tensions
IMF Upgrades Global Growth Forecast as Weaker Dollar Supports Outlook
Procter & Gamble to Raise U.S. Prices to Offset One‑Billion‑Dollar Tariff Cost
House Republicans Move to Defund OECD Over Global Tax Dispute
Botswana Seeks Controlling Stake in De Beers as Anglo American Prepares Exit
Trump Administration Proposes Repeal of Obama‑Era Endangerment Finding, Dismantling Regulatory Basis for CO₂ Emissions Limits
France Opens Criminal Investigation into X Over Algorithm Manipulation Allegations
A family has been arrested in the UK for displaying the British flag
Mel Gibson refuses to work with Robert De Niro, saying, "Keep that woke clown away from me."
Trump Steamrolls EU in Landmark Trade Win: US–EU Trade Deal Imposes 15% Tariff on European Imports
ChatGPT CEO Sam Altman says people share personal info with ChatGPT but don’t know chats can be used as court evidence in legal cases.
The British propaganda channel BBC News lies again.
Deputy attorney general's second day of meeting with Ghislaine Maxwell has concluded
Controversial March in Switzerland Features Men Dressed in Nazi Uniforms
Politics is a good business: Barack Obama’s Reported Net Worth Growth, 1990–2025
Thai Civilian Death Toll Rises to 12 in Cambodian Cross-Border Attacks
TSUNAMI: Trump Just Crossed the Rubicon—And There’s No Turning Back
Over 120 Criminal Cases Dismissed in Boston Amid Public Defender Shortage
UN's Top Court Declares Environmental Protection a Legal Obligation Under International Law
"Crazy Thing": OpenAI's Sam Altman Warns Of AI Voice Fraud Crisis In Banking
The Podcaster Who Accidentally Revealed He Earns Over $10 Million a Year
Trump Announces $550 Billion Japanese Investment and New Trade Agreements with Indonesia and the Philippines
US Treasury Secretary Calls for Institutional Review of Federal Reserve Amid AI‑Driven Growth Expectations
UK Government Considers Dropping Demand for Apple Encryption Backdoor
Severe Flooding in South Korea Claims Lives Amid Ongoing Rescue Operations
Japanese Man Discovers Family Connection Through DNA Testing After Decades of Separation
Russia Signals Openness to Ukraine Peace Talks Amid Escalating Drone Warfare
Switzerland Implements Ban on Mammography Screening
Japanese Prime Minister Vows to Stay After Coalition Loses Upper House Majority
Pogacar Extends Dominance with Stage Fifteen Triumph at Tour de France
CEO Resigns Amid Controversy Over Relationship with HR Executive
Man Dies After Being Pulled Into MRI Machine Due to Metal Chain in New York Clinic
NVIDIA Achieves $4 Trillion Valuation Amid AI Demand
US Revokes Visas of Brazilian Corrupted Judges Amid Fake Bolsonaro Investigation
U.S. Congress Approves Rescissions Act Cutting Federal Funding for NPR and PBS
North Korea Restricts Foreign Tourist Access to New Seaside Resort
Brazil's Supreme Court Imposes Radical Restrictions on Former President Bolsonaro
Centrist Criticism of von der Leyen Resurfaces as she Survives EU Confidence Vote
Judge Criticizes DOJ Over Secrecy in Dropping Charges Against Gang Leader
Apple Closes $16.5 Billion Tax Dispute With Ireland
Von der Leyen Faces Setback Over €2 Trillion EU Budget Proposal
UK and Germany Collaborate on Global Military Equipment Sales
Trump Plans Over 10% Tariffs on African and Caribbean Nations
Flying Taxi CEO Reclaims Billionaire Status After Stock Surge
Epstein Files Deepen Republican Party Divide
Zuckerberg Faces $8 Billion Privacy Lawsuit From Meta Shareholders
FIFA Pressured to Rethink World Cup Calendar Due to Climate Change
SpaceX Nears $400 Billion Valuation With New Share Sale
×