HM Revenue & Customs has published a draft legislation where it warned it will impose a penalty on directors and sole traders who deliberately flout the rules of the government’s coronavirus furlough scheme. HMRC will recover the payments with penalties where recipients were not entitled and payment is not used to pay employees under: the Self-Employment Income Support Scheme (SEISS); the … Read More
Chancellor gives support to millions of self-employed individuals
Rishi Sunak announces world-leading scheme to support the UK’s self-employed affected by the coronavirus outbreak. Published 26 March 2020 direct cash grant of 80% of their profits, up to £2,500 per month latest announcement in an unprecedented package of government support to protect businesses and individuals Millions of self-employed individuals will receive direct cash grants though a ground-breaking UK-wide scheme ... Read More