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 stay at home. All non-essential travel is officially prohibited due to the COVID-19 outbreak; and their advice states 'only go outside for food, health reasons or work (but only if you cannot work from home)'.
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?
Helpfully for limited company directors, the Treasury has confirmed that such directors who owner-manage an incorporated business can furlough themselves under the Coronavirus Job Retention Scheme (CJRS). A spokesman for HMRC confirmed with ContractorUK that umbrella company contractors can also be furloughed, as the scheme is for anyone operating a PAYE scheme.
The finer details of how the CJRS scheme will work are still currently being ironed out, and we will be providing all the most up-to-date guidance here as we learn of it.
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.