Self-Employed Income Support Scheme is now open for applications

Posted on 13th May 2020 by Streets

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

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