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Grants
Self-Employed
If you are a self-employed beauty technician, running a mobile service or your own nail bar, there are other ways you can get help. The Self-Employed Income Support Scheme will continue for a fourth and fifth grant. This Scheme will offer three months of support at 80% of average trading profits. As the country is set to reopen this summer, the government aims to help people most impacted by the pandemic.
Furlough Scheme
If you are employed by a salon, you’ll be pleased to know that the furlough scheme will be extended until September 2021, paying 80% of your wages. The government wants to help protect jobs and livelihoods. While discussing wages, it’s worth noting that National Living Wage has been increased to £8.91. This can mean you could earn an extra £345 a year.
VAT
The government did not include the Personal Care sector with its 5% VAT cut. Professionals in the industry have spoken out their concerns with this. Hellen Ward, a co-founder of the Save Our Salons campaign, said: “Part of the problem before was that we didn’t have our own sector. Now we do and we have a direct voice into the people heading up the personal care sector, and they are asking us for information and data. They are listening to us so don’t worry, we’re not going anywhere.”
Overall those in the beauty industry welcome the government’s grants and schemes that have been announced to aid recovery. How has the Budget impacted your business?
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