UNFAIRNESS IN EXTENTION OF SEISS SUPPORT FOR THE SELF-EMPLOYED
I'm livid. When I should be grateful. But why treat the self-employed less well than the employed? There are a substantial number of people, such as in the music industry, who have had their livelihoods pulled from under their feet. Zero income. Mouths to feed. The Chancellor has been supportive to the self-employed, at least for those who are eligible: Deferral of VAT payments for all types of businesses, applicable only to businesses that are VAT-registered. But VAT not actually cancelled. Deferral of income tax payments for the technically 'self-employed', taxed under Schedule.D rather than under PAYE. That is sole traders and partners in partnerships. But income tax not actually cancelled. The Business Bounceback Loan Scheme (BBLS), whereby the government acts as guarantor for a low interest loan from a bank, and also pays the first year's interest. This is available to all types of business, whether limited companies or the ...