HMRC will use the average profits from tax returns in 2016-17, 2017-18 and 2018-19 to calculate the size of the grant. The scheme will be open to those where the majority of their income comes from self-employment and who have profits of less than £50,000. The scheme will be open for an initial three months with people able to make their first claim by the beginning of June.
You can find more information on eligibility and how to access the scheme here.
Self-employment Income Support Scheme Frequently Asked Questions
The self-employed can also get support from
- Access to coronavirus business interruption loans.
- Income tax payments due in July can be deferred to the end of Jan 2021.
- Changes to the welfare system to allow access Universal Credit in full.
- Anyone who missed the tax return filing deadline in January, have a further four weeks from today to submit their tax return.
Government launches Coronavirus Information Service on WhatsApp
The UK Government has launched a GOV.UK Coronavirus Information service on WhatsApp. The new free to use service aims to provide official, trustworthy and timely information and advice. To use the free GOV.UK Coronavirus Information Service on WhatsApp, simply add 07860 064422 in your phone contacts and then message the word ‘hi’ in a WhatsApp message to get started. Further information can be found here.
If you are concerned about being able to pay your tax due to COVID-19, call HMRC’s dedicated helpline on 0800 0159 559.
Guidance to employers and business about COVID-19
Business Support Helpline 0300 456 3565
Free ACAS webinar 'Coronavirus - an advisory webinar for employers'. Find out more
Read here for the latest public information and public health advice about COVID-19
Read Mayor James Palmers business blog here
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