Get in touch
We use cookies on our site to track usage and preferences. Learn more

Covid-19 - Business support, advice, guidance and working arrangements

We are posting regular updates to help our clients stay informed

Back to all news

Self-Employed Income Support Scheme is now open for applications

Posted on 13 May 2020 - News

Coronavirus

From today, Wednesday 13th May 2020, those who are self-employed and have been adversely affected financially by the impact of Covid-19, can apply for financial support in the form of a grant through the Self-Employed Income Support Scheme.

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

The government has 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.

Those able to make a claim should have already been contacted by HMRC and can use a unique reference to make their claim.

Whilst we covered details of the Self-Employed Income Support Scheme in our Covid-19 business support article on 6th May 2020, further up to date information on the scheme and details of making an application can be found by clicking the link below:

https://www.gov.uk/guidance/claim-a-grant-through-the-coronavirus-covid-19-self-employment-income-support-scheme

Expert insight and news straight to your inbox

Subscribe to our newsletter