Coronavirus News and Advice for Contractors
What does coronavirus mean for contractors? Here, we are bringing ContractorUK readers the latest news and advice on COVID-19, as and when it becomes available.
The current instruction from the government is to help control the virus by washing your hands regularly, wearing a face covering when you leave home, and staying at least a metre away from people not in your household.
Many contractors will be able to work remotely, and many probably already did even before the coronavirus pandemic. However for those who can’t, or for those whose clients have ended their contracts due to the current situation, what support is available?
Many directors who owner-manage an incorporated business can furlough themselves under the Coronavirus Job Retention Scheme (CJRS). Some umbrella company contractors can also be furloughed too, as the scheme is for anyone operating a PAYE scheme. You can find more details about the CJRS and relevant updates for contractors in the guides below.
Some of the other measures which the government have brought in to support contractors include being able to defer VAT payments from 20 March 2020 to 30 June 2020, and delaying self-assessment income tax from July 31st 2020 to January 31st 2021.
To discuss coronavirus with other contractors and experts in the industry please visit the ContractorUK forum.