Support for Self Employed During Coronavirus

So far, with the Coronavirus announcements for small businesses, there have not been as much support for self employed businesses. We are hoping that there will be more to come and that the administrative aspect is what has stopped more announcements so far.

What has been announced so far is included here.


Support for Self Employed During Coronavirus

Self Employed Income Support Scheme
Announced 26 March 2020 –
VAT payment delay
For self employed businesses who are VAT registered the legislation around VAT payment delays is applicable – you can read fully about that here
Employee wages 80% Job Retention Scheme
For self employed businesses with staff the employee wages 80% Coronavirus Job Retention 
Scheme is applicable and you can find out about that here
£10k and £25k grants
For self employed businesses with premises the £10,000 and £25,000 grants are applicable 
£10,000 grant –
£25,000 grant –
Personal Tax July Payment on Account delay 
The chancellor announced a delay in the personal tax payment on account due to be paid by 31st July 2020. This payment will now not be due until January 2021. 
Note the payment is not being eliminated but delayed – so will still be payable.
Statutory Sick Pay (SSP)
Self employed people are not entitled to SSP. However there has been an amendment to the Universal Credit rules to allow those that are unwell or self isolating to be able to claim and equivalent to SSP (at the same level as an employee would receive). You can find more details here –
IR35 legislation has been pushed back
The legislation which was due to be amended has now been pushed back.
Coronavirus Business Interruption Loan Scheme (CBILS) 
This is available for sole traders and partnerships (as well as limited companies). You can read about there here
We will keep updating this page as and when more help is announced.

About the Author

Annette Ferguson 

Owner of Annette & Co. - Chartered Accountants & Certified Profit First Professionals. Helping online service-based entrepreneurs find clarity in their numbers, increase wealth and have more money in their pockets.