Self-employed parents whose trading profits dipped in 2018/19
because they took time out to have children will be able to claim
for a payment under the self-employed income support scheme
(SEISS), the government has announced.
The scheme, which is one of the most generous in the world,
requires claimants to have traded in 2018/19 with their profits
making up at least half of their total income. They must also
have submitted a self-assessment tax return on or before 23 April
2020 for the 2018/19 tax year.
The Treasury has ensured parents, including mothers, fathers and
those who have adopted, who took time out of trading to care for
their children within the first 12 months of birth of the child
or within 12 months of an adoption placement, will now be able to
use either their 2017-18 or both their 2016-17 and 2017-18
self-assessment returns as the basis for their eligibility for
the SEISS.
They will also need to meet the other standard eligibility
criteria for support under the SEISS. Further details of the
change for self-employed parents will be set out by the start of
July in published guidance.
The SEISS, which has so far had 2.6m claims, was extended last
month, with those eligible able to claim a second, final grant in
August, as well as being able to receive the first.
- more information about the SEISS can be found in
this factsheet
