SEISS & PAYE Furlough at the same time?

SamHarrie1

Dear All

I need some urgent advice. I have been self employed for over 10 years and well over 50% of my income is from self employment for the required three years for the upcoming Self Employment Income Support Scheme.

However, in the tax year 19 - 20 I took a part time PAYE job. I stopped working for them in Feb 20, but I remained on their books in case I wanted to return in the future. I have just discovered they are furloughing me and have paid me 80% of my wages (It's not much about £100 p/week.)

My question is: Will this PAYE furlough disqualify me from the SEISS scheme? Do I need to tell the PAYE furlough to end my employment / payments ASAP? Or can I qualify for both?

Many Thanks in adavance for any advice

calcotti

No it will not, you can get both. Read the guidance.
https://www.gov.uk/guidance/claim-a-grant-through-the-coronavirus-covid-19-self-employment-income-support-scheme

This scheme will allow you to claim a taxable grant worth 80% of your trading profits up to a maximum of £2,500 a month. It will be available for 3 months, but may be extended.
The grant will be subject to Income Tax and National Insurance contributions but does not need to be repaid.
You can make a claim for Universal Credit while you wait for the grant. You should record the grant as part of your self-employment income, and it may affect the amount of Universal Credit you get. This will not affect Universal Credit claims for earlier periods.
If you receive the grant you can continue to work or take on other employment including voluntary work.
If you have other employment as a director or employee paid through PAYE your employer may be able to get support using the Job Retention Scheme.