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  1. ITV Report

Coronavirus: What it means if you're self-employed

Self-employed workers across the South will be given support from the government during the coronavirus pandemic.

It comes as Chancellor Rishi Sunak announced the new package during a press conference on Thursday 26th March.

  • What is the new package?

The new package means self-employed workers will have 80% of their average earnings, or up to £2,500 a month, paid for by the government.

The grants will be given out to those eligible, for at least three months.

The scheme which aims to support workers through the Covid-19 outbreak, is expected to be "up and running" by June.

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  • Who is eligible?

According to Rishi Sunak, anyone with trading profits of less than £50,000 in the last tax year, or the same amount as an average of the past three tax years, will be eligible.

In his speech, he said: “To minimise fraud, only those who are already in self-employment who have a tax return for 2019 will be able to apply.”

95%
of people who are majority self-employed will benefit from this scheme, says Rishi Sunak

"The scheme I have announced today is fair. It is targeted at those who need it the most and crucially, it is deliverable. It provides an unprecedented level of support for self-employed people."

– Chancellor Rishi Sunak
Credit: PA Images
  • Who is NOT eligible?

Mr Sunak said the average earnings of those not covered by the state aid were those earning more than £200,000 per year.

Also, those who became self-employed since April 2019 are not eligible for the scheme.

Credit: Joe Giddens/PA Images
  • What should you do now?

In a statement, the government said people should NOT contact HMRC now.

Instead, the taxman will contact them directly after compiling a list of those eligible and the HMRC will then give guidance on how to apply for the scheme.

  • Watch: Are you eligible for the self-employment scheme?

Coronavirus: Everything you need to know

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