Coronavirus Self-Employment Income Support Scheme

The Coronavirus Self-Employment Income Support Grant is for Self-Employed individuals or members of a partnership who have been adversely affected by Coronavirus.

The scheme will make available a taxable grant of 80% of the average monthly trading profits for the 3 years to 5 April 2019, paid out in a single instalment covering 3 months capped at £7,500.

Although the outcome of this grant may appear similar to the furlough scheme for employees, a key difference is that the self-employed can continue to work under the scheme and will continue to be eligible for the grant. This is unlike furloughed employees who cannot do any work for the same employer.

Do you qualify?

The quickest way to find out if you qualify for the grant is to use the eligibility checker on HM Revenue & Customs (HMRC) website at https://www.tax.service.gov.uk/self-employment-support/enter-unique-taxpayer-reference.

You will require your Unique Tax Reference (UTR) and National Insurance number to check if you qualify.

When can you claim?

The online service will be available from 13 May 2020 however not all individuals can claim from this date. If you are eligible the HMRC checker above will confirm the date from which you can make your claim.

If your claim is approved you will receive your payment within 6 working days.

How do you make your claim?

To make your claim you will require the following:

  • Self Assessment UTR
  • National Insurance number
  • Government Gateway user ID and password
  • Bank account number and sort code

As part of the claim you will be required to self-certify your business has been adversley affected by Coronavirus.

Once you have submitted your claim you will be told immediately if your grant is approved.

Government Gateway user ID and password

You can create a Government Gateway account at https://www.gov.uk/log-in-register-hmrc-online-services and follow the onscreen instructions. You will require your UTR and National Insurance number.

We cannot submit the claim on your behalf however if you require assistance please get in touch on 01228 904 904.

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