• Noel Aloko

COVID-19: Self-employed grant scheme to open to applications

Updated: 4 days ago

The Self-Employed Income Support Scheme is open to applications.

The grants will be calculated as 80% of average monthly profit over a period of up to three years.

The government said the money will be paid into the accounts of eligible people six days after applying.

The maximum payment will be £7,500, intended to cover March, April and May.

HMRC should have contacted you if you are affected, and invited you to get ready to make a claim by using its eligibility checker.

You should have been given a time at which to apply, between today and 18 May, although if applicants are unable to file at that time HMRC says they can still go ahead and apply.

Inevitably, some people's records will not be up to date or they may not be at their normal address. Click here for eligibility checker and advise on when you can submit your claim.

HMRC says anyone who thinks they are eligible but has not heard from it should go to its website and use the checker tool.

Claims can then be made from 17 May.

Most should receive any money they are entitled to from 25 May.

How to claim

Your tax agent or adviser cannot make the claim for you. You must make the claim yourself. You chat with one of our advisers below if you need any help or support.

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

You should not claim the grant if you’re a limited company or operating a trade through a trust.

HMRC will check claims and take appropriate action to withhold or recover payments found to be dishonest or inaccurate.

To start your claim please; click here.