Government support should be extended to those business owners and self-employed individuals who have been left behind, says accounting and tax practice Blick Rothenberg. Simon Rothenberg, director at the firm commented: ‘The self-employed income support scheme is still based on 2018/19 tax return data. It excludes all of those who became self-employed after 5 April 2019 and therefore the relief is based on data which is two years out of date. The system needs to be updated to reflect 2019/20 data in the interest of fairness and to address some of the largest excluded groups from the current and previous support measures.’
Rothenberg also urged the chancellor to consider those small business owners who take dividends and who ‘have been continually forgotten’ throughout the pandemic.
Government support should be extended to those business owners and self-employed individuals who have been left behind, says accounting and tax practice Blick Rothenberg. Simon Rothenberg, director at the firm commented: ‘The self-employed income support scheme is still based on 2018/19 tax return data. It excludes all of those who became self-employed after 5 April 2019 and therefore the relief is based on data which is two years out of date. The system needs to be updated to reflect 2019/20 data in the interest of fairness and to address some of the largest excluded groups from the current and previous support measures.’
Rothenberg also urged the chancellor to consider those small business owners who take dividends and who ‘have been continually forgotten’ throughout the pandemic.
