COVID-19 Self Employment Income Support Scheme

If you're self-employed or a member of a partnership and have been adversely affected by coronavirus (COVID-19) find out if you can use this scheme to claim a grant.

PLEASE NOTE:

Your tax agent or adviser cannot make the claim for you. You must make the claim yourself. If you use an agent you should contact them if you need any help or support.

The online service you’ll use to claim is not available yet. HMRC will aim to contact you by mid-May 2020 if you’re eligible, to invite you to claim using the GOV.UK online service. Payment will be made by early June 2020 if your claim is approved.

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If you’re eligible

HMRC will tell you the date you’ll be able to make a claim from and ask you to add your contact details. HMRC will use these to remind you when the online service will be available.

If you’re not eligible

If HMRC have told you that you’re not eligible to make a claim, you can ask HMRC to review this after you’ve used the online tool. If you want to do this at a later time, you’ll be able to use the online tool more than once.

How much you’ll get

You’ll get a taxable grant based on your average trading profit over the 3 tax years:

• 2016 to 2017

• 2017 to 2018

• 2018 to 2019

HMRC will work out your average trading profit by adding together your total trading profits or losses for the 3 tax years, then HMRC will divide by 3.

The grant will be 80% of your average monthly trading profits, paid out in a single instalment covering 3 months, and capped at £7,500 altogether. The online service will tell you how HMRC have worked the grant out.

The grant amount HMRC work out for you will be paid directly into your bank account, in one instalment.

When you make your claim

You’ll only need your:

• Self Assessment UTR - if you do not have this find out how to get your lost UTR

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

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

• bank account number and sort code you want HMRC to pay the grant into (only provide bank account details where a Bacs payment can be accepted)

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

For more information click here.

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