The Government support to help both the self-employed and small businesses impacted by the COVID-19 lockdown has no doubt been unprecedented and welcome. However, it is apparent that there are significant gaps in the provision.
The iO has joined forces with other healthcare professions operating in the private sector, to lobby for a review of provisions and to address the lack of support for these groups. Today we have sent a joint letter to the Chancellor with an urgent request to review the current provision.
The open letter explicitly asks that Government:
- Allow the 2019 / 2020 tax returns of 2019 graduates to be considered for the self-employed income support scheme (SEISS)
- Remove the £50,000 profit cap on eligibility for the SEISS
- Allow limited company directors to receive a grant of up to £2,500 of their monthly salary to bring them in-line with the employed and self-employed schemes
- Release government constraints to enable healthcare regulators to provide relief on their fees
- Include Medical Service providers within the Expanded Retail Discount Scheme
Click here to read the open letter. We will share with the profession as soon as a response is received.