Self-employed new parents can claim support grant
Self-employed parents whose trading profits dropped 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 Treasury has ensured parents 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. Further details of the change for self-employed parents will be set out by the start of July 2020 in published guidance.https://www.gov.uk/government/news/self-employed-new-parents-can-claim-support-grant
Category: Employment » Parental rights; Taxation. Keyword(s): Coronavirus. Area(s) of law: Employment; Tax.