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Self-employed Income Support Scheme

covid 19

We are reminding anyone who is self-employed to apply for a second government….

The Self Employment Income Support Scheme, allows individuals and partnerships whose work has been affected by the Coronavirus to claim for financial support.  A second and final taxable grant worth 70% of their average monthly trading profits. This is paid out as one single payment covering three months’ worth of profits and is capped at £6,570 in total.

Any self-employed sole traders and small businesses, who were eligible for the first grant and can confirm to HMRC that their business has been adversely affected by Coronavirus on or after 14 July 2020, is able to make a claim for a second and final grant from 17 August – 19 October 2020.