The House of Commons Public Bill Committee has announced an amendment to the Coronavirus Bill, entitled Statutory Self- Employment Pay.
It now compels the government to introduce Regulations providing that "freelancers" (undefined) and "self-employed people" should receive guaranteed earnings of:
- 80% of their monthly net earnings, averaged over the last three years;
- or £2,500 per month
- whichever is the lower.
The purpose of this amendment is to make the Government ‘top up’ self-employed workers’ earnings to the lower of 80% of their net monthly earnings or £2,500 a month.
Access is available from beginning of June and if eligible, HMRC will contact you.