2021 Budget. Self employed shafted again?

Thrugelmir

Pennywise said:

SomeMadeUpName said:

The reason that payment for the 4th SEISS is delayed a month is to give HMRC time to process 2019/20 tax returns submitted uupto the extended deadline and so bring in an extra 600,000 people to the scheme. Hardly shafted imo. The SEISS has looked after many self employed at a level they never expected.

And furlough has looked after many employed at a level they never expected, and even better that the 50:50 rule nor the £50k limit applies to employees!  Answers on a postcard please as to why employees get more support than self employed?

Companies take years to build and seconds to disintegrate to ashes. Hence why it's a job retention scheme. Rather than a welfare scheme as is the case in the US. Where employment law is non-existent. If companies were to go bust then the state is liable for unpaid wages, pay in lieu of notice and statutory redundancy. Catch 22. 

Pennywise

Grumpy_chap said:

Pennywise said:

Answers on a postcard please as to why employees get more support than self employed?

Higher contributions to the welfare state - particularly NI contributions, but also income tax generally.

A se person with profits of £60k pays more tax/nic than an employee earning £50k.  The latter gets 80% furlough, the former gets nothing.
A pensioner with a job gets 80% furlough despite not paying nic on their wages.
A part timer on £8k p.a. pays no nic but gets 80% furlough
The covid support makes no sense and NIC isn't the reason.

p00hsticks

Pennywise said:

Grumpy_chap said:

Pennywise said:

Answers on a postcard please as to why employees get more support than self employed?

Higher contributions to the welfare state - particularly NI contributions, but also income tax generally.

A se person with profits of £60k pays more tax/nic than an employee earning £50k.  The latter gets 80% furlough, the former gets nothing.
A pensioner with a job gets 80% furlough despite not paying nic on their wages.
A part timer on £8k p.a. pays no nic but gets 80% furlough

Only if the employer agreed to put the employee on furlough though - many didn't. There are plenty of employees out there who were either laid off, made redundant, or were on zero hours contracts and so received no furlough,