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Self-Employment Income Support Scheme now live.
Self-Employment Income Support Scheme now live.

Hopefully this will help those who are self-employed, pretty straight forward for most but plently of help pages on Gov site if not Smile

Self-Employment Income Support Scheme now live

You can check online to find out if you’re eligible to make a claim. Your tax agent or adviser can also check your eligibility on your behalf.

You’ll need your:

Self Assessment Unique Taxpayer Reference (UTR) number - if you do not have this find out how to get your lost UTR number

National Insurance number - if you do not have this find out how to get your lost National Insurance number

The scheme will allow you to claim a taxable grant of 80% of your average monthly trading profits, paid out in a single instalment covering 3 months, and capped at £7,500 altogether. This is a temporary scheme, but it may be extended.

If you receive the grant you can continue to work, start a new trade or take on other employment including voluntary work, or duties as an armed forces reservist.

The grant does not need to be repaid but will be subject to Income Tax and self-employed National Insurance.

There is other support available if you’re not eligible for the grant.

HMRC will work out if you’re eligible and how much grant you may get. But you can follow these steps to help you understand how we will do this and what you can do now.

If you’re eligible

Government Gateway user ID and password - if you do not have a user ID, you can create one when you check your eligibility or make your claim

UK bank details (only provide bank account details where a Bacs payment can be accepted) including:
bank account number
sort code
name on the account
your address linked to your bank account

You’ll have to confirm to HMRC that your business has been adversely affected by coronavirus.

If you’re not eligible

We have used the information you or your tax agent or adviser sent us on your Self Assessment tax returns to work out your eligibility.

If you submitted your returns between 26 March 2020 and 23 April 2020 check your eligibility again as the online service has been updated.

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