COVID-19 NEWS BULLETIN 8th APRIL 2020

MPs Bash Government over Self Employment

 

 


“If we can make the payments earlier, we definitely will. But mid-May is likely for when
people will be able to claim.”


The HMRC top boss said there were a number of steps the department had to go through
to pay the money and that establishing which workers were applying for the scheme and
collecting their bank details were the main hold ups.


He said: “We have the data to calculate most people’s entitlement, but we need them to
say whether they wish to claim as it's only open to those affected and we will need their
bank details.”


Ms Ali also raised concerns about the fairness of the regime for single workers compared
to households.


Ms Ali said households with two incomes of just less than £50,000 would get two times
the support, while a single income of just over £50,000 would get nothing. She asked:
“Is this appropriate? What can be done to improve the scheme?”


But Mr Harra said it was “extremely difficult” for HMRC to take account of households,
adding that if they “had a lot of time” the government could work on developing the
policy in a range of ways.


Ms Ali said this was “no comfort” for people who were in this “extreme situation”.


When asked by chair of the committee, MP Mel Stride, how HMRC planned to enforce only
self-employed workers affected by the coronavirus receiving the grants, Mr Harra said they
had “no plans” to check in advance of people claiming.


He said: “We’re relying on people using the scheme responsibly. We expect the majority
of self-employed people to have been affected by the virus, but we know some people
are considering not applying for the scheme because they do not need it.

 

“Also, there is a natural protection as where grants are given to businesses, it will form
part of their taxable profits, therefore it will boost their profits on their return next year.”
Source: Financial Adviser

 

Updated Guidance 8th April 2020


Businesses could help boost the UK’s resilience to the long-term impact of the
coronavirus outbreak and similar situations in the future, as a result of £20 million
government funding announced today (Friday 3 April).


Grants of up to £50,000 will be available to technology and research-focussed
businesses to develop new ways of working and help build resilience in industries such
as delivery services, food manufacturing, retail and transport, as well as support people
at home in circumstances like those during the coronavirus outbreak.

 

Innovations could include:

 

 new technology allowing retailers to respond better to sudden spikes of consumer
demand and improve deliveries across the UK

 

 new services for families to connect with and remotely monitor their elderly or
vulnerable relatives, giving people peace of mind that their loved ones are receiving
the services they require such as food deliveries, doctor’s appointments and paying
bills

 

 creating education tools which seamlessly integrate the classroom with the kitchen
table, allowing teachers to remotely set dynamic tasks, support vulnerable children
and make certain no child is left behind

 

Science Minister Amanda Solloway said:


The response of researchers and businesses to the coronavirus outbreak have been
remarkable. This new investment will support the development of technologies that can
help industries, communities and individuals adapt to new ways of working when
situations like this, and other incidents, arise.


Dr Ian Campbell, Executive Chair Innovate UK, said:


The COVID-19 situation is not just a health emergency, but also one that affects the
economy and society. With that in mind, Innovate UK has launched this rapid response
competition today seeking smart ideas from innovators. These could be proposals to help
the distribution of goods, educate children remotely, keep families digitally connected
and even new ideas to stream music and entertainment. The UK needs a great national
effort and Innovate UK is helping by unleashing the power of innovation for people and
businesses in need.


The proposals will be reviewed as part of a competition launched by Innovate UK,
seeking the best new ideas from businesses.


All the projects will begin by June 2020 and will last up to 6 months, with products and
services expected to be available to the public towards the end of this year.


Letter to Manufacturing and Industry

 

 

 

Briefing from No10. Briefing by Rishi Sunak, Chancellor of the Exchequer: Boris
Johnson is responding to treatment. We have followed medical advice, and
unprecedented action. This is a terrible virus that respects no one. We depend on each
other; we will be there for you. We promise to do whatever it takes. £750m for the
charity sector. Hospices and St Johns Ambulance will be supported. We depend on each
other.


As new information is coming to light the below links are updated swiftly should you need
a quick reference guide.


Essential Links for assistance via Gov.uk


Self-Employment & Universal Credit


https://www.gov.uk/self-employment-and-universal-credit


Employment & Support Allowance


https://www.gov.uk/employment-support-allowance


Covid-19 Small Business Government Grant

 

https://smallbusiness.co.uk/how-do-i-get-thegovernment-
3000-coronavirus-grant-2549866/


Coronavirus Business Interruption Loan
https://smallbusiness.co.uk/how-do-i-apply-for-a-coronavirus-business-interruption-loan-
2549863/

 

Citizen’s Advice

 

https://www.citizensadvice.org.uk/benefits/help-if-on-a-low-income/if-youre-strugglingwith-
living-costs/

 

Emergency Funding


https://www.stepchange.org/debt-info/emergency-funding.aspx
https://www.british-business-bank.co.uk/ourpartners/coronavirus-business-interruptionloan-
scheme-cbils/


Should you have any concerns or questions, we are here for our clients and will
happily arrange a telephone or video call appointment to provide guidance, please
either call our practice mobile 07543 368 478 or email enquiries@money4dentists.com to arrange your appointment.

 

We are here to help you through these challenging times, so please
don’t be afraid to get in touch.

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