Covid-19 – Self-Employment Income Support Scheme

Covid-19 – Self-Employment Income Support Scheme Update

THE SCHEME IS NOW LIVE

YOU CAN CHECK YOUR ELIGIBILITY HERE:

https://www.tax.service.gov.uk/self-employmentsupport/enter-unique-taxpayer-reference

Unique Taxpayer Reference (UTR) and National Insurance Number required, both of which can be found on the front of your tax return. See further paragraph below.

AFTER CHECKING YOUR ELIGIBILITY YOU CAN PROCEED TO MAKING A CLAIM USING YOUR GOVERNMENT GATEWAY ACCOUNT WHICH CAN BE SETUP AT THE SAME TIME IF YOU HAVEN’T SET ONE UP ALREADY.

IF YOU HAVE LOST YOUR LOG IN DETAILS PLEASE USE THE FOLLOWING ADVICE:

https://www.gov.uk/log-in-register-hmrc-online-services/problems-signing-in

 How much will I get from the Self-Employment Income Support Scheme?

Eligible workers will receive 80% of the average of their self-employed earnings for the 2017, 2018 and 2019 tax years taken on a monthly basis or £2,500 per month; whichever is lower. The grant should cover three months.

The Chartered Institute of Taxation(CIOT) has produced a fairly comprehensive FAQ on the scheme here:

https://www.tax.org.uk/policy-and-technical/covid-19/self-employment-income-support-scheme

IT IS STRONGLY RECOMMENDED THAT YOU CHECK THE ABOVE LINK IF YOU HAVE QUERIES REGARDING THE SCHEME.

‍

All the best and stay safe.

Duncan & Jo

HOLLY LODGE