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Changes to self-employed levies

Released 11/09/2019

We're making some changes to how we levy self-employed customers.

If you're self-employed, and on our basic cover - CoverPlus - you won't be receiving a 2019/20 invoice this year.

How your CoverPlus levy is changing

Previously, we levied self-employed people during the levy year, based on their previous year’s earnings.

From the 2020 Levy Year and onwards, we’ll be levying self-employed people after the levy year has finished, based on their actual earnings. 

This means you’ll receive your 2020 CoverPlus invoice starting around July/August 2020 instead of July/August 2019 like you might be used to. It won’t be based on your previous year’s earnings, instead it will be based on your actual earnings, filed with IR, for the year ending 31 March 2020. 

Let us know if you cease trading

If you ceased trading in the 2019 Levy Year, you’ll have already paid a CoverPlus invoice based on your 2018 earnings.  Let us know what your actual earnings were for 2019 and we’ll send you a reassessment.

If you cease trading during the 2020 levy year and don’t want to wait for your CoverPlus invoice, contact us with your final earnings and we’ll get your invoice to you. Alternatively, we’ll send it to you once Inland Revenue have confirmed your final earnings.

You can also tell us you've ceased trading by filling in our online form. Simply fill it in and we'll be in touch.

Tell us if you're no longer trading as a self-employed person

CoverPlus Extra

CoverPlus Extra is based on an agreed level of cover. It’s not impacted by this change and will still be invoiced in advance.

If you join or leave CoverPlus Extra part way through the 2020 levy year, you’ll still receive a CoverPlus levy for the remaining part of the year. This will be calculated and sent to you once we’ve received your earnings from IR.      

Find out if CoverPlus Extra is a good option for you.

If you’ve already received an invoice

There are some instances where you may still receive an invoice this year. Have a look at the top of your invoice and check:

  1. Have you or your accountant recently filed your earnings with Inland Revenue from a previous financial year? Look at the cover period on the top of your invoice, it might be for your 2018/19 financial year or earlier.
  2. Do you pay PAYE wages to staff? Sole traders with PAYE employees will continue to receive WorkPlace Cover invoices based on the PAYE wages filed with Inland Revenue.
  3. Do you have a CoverPlus Extra policy? These customers still pay in advance for the levy year.
  4. Have you or your accountant contacted us recently? Look at the first page of your invoice. We may have reassessed your invoice if your details have changed after contacting us.

If you’ve received an invoice and none of these situations apply, give us a call on 0800 222 776. Make sure you’ve got your invoice with you when you call.

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