SPORTS FREELANCER COLLECTIVE UPDATE
Hi everyone. I hope this finds you well.
Please click the link below for the update I wrote for the Sport Freelancer Collective last night following the Chancellor's address.
Remember to consult your own individual accountants, and keep an eye on the Freelancer Collective for news of professionals who are offering their advice for free to group members.
Hopefully those of you who need to have signed up to the Sport Freelancer Collective email list.
Last night’s announcement will provide comfort to some, but nothing for many others. Please give feedback as indicated in the piece, keep talking to each other, and on a brighter note, don’t forget to pitch your ideas to Phil, Jo and Matt at The Pinch Hitter email@example.com
Please also see below for useful resources at this time. If you've got any other resources that you consider relevant, please get in touch.
Stay well, and be in touch,
Alison Mitchell, CWC Chair
27th March 2020
FROM THE SPORTS FREELANCER COLLECTIVE
Yesterday (Friday, March 20), the Chancellor of the Exchequer Rishi Sunak announced the government will pay 80% of the salary of retained workers, up to a total of £2,500 per month. The measures for self-employed freelancers, however, still don’t go far enough.
Today the government has recognised our letter and assured us that they know freelancers have been hit. We will continue to liaise with the government and push for the measures we need, and keep you all updated. The Sports Freelancer Collective will consult over the weekend and discuss where we would like to see changes and how today’s measures will help or impact freelancers.
Measures to support freelancers now include:
- Access to Universal Credit to be paid at the rate of Statutory Sick Pay of £94.25 per week and a suspension of the minimum income floor.
- Deferral of Self-Assessment income tax from July 2020 to January 2021.
- Deferral of this quarter's VAT payments to June 2020 (remember all taxes will still need to be paid, just at a later date, alongside the other taxes that will be due at that time).
- Renters have been helped with £1bn of support, increasing housing benefit and Universal Credit so that Local Housing Allowance will cover at least 30% of market rents in an area.
- Anyone can seek to defer their mortgage payments by 3 months (be aware your mortgage payments may then be higher when you do resume payments, depending on your arrangements).
There is a lot to unpick about how some of this will apply, particularly to those freelancers who are part ‘PAYE employed for tax purposes’ and part self-employed.
In the meantime, all details are outlined here: https://www.gov.uk/coronavirus and here are some useful articles: