Self-Employed Income Support Scheme - 17th August 2020
The scheme has been extended and a second grant can be paid to those who are eligible from today's date (17th August).
If you were eligible for the first grant and can confirm to HMRC that your business has been adversely affected on or after 14 July 2020, you’ll be able to make a claim for a second and final grant from 17 August 2020. The deadline for making a claim is 19 October 2020.
The scheme allows you to claim a grant worth 70% of your average monthly trading profits, paid out in a single instalment covering 3 months’ worth of profits, and capped at £6,570 in total. The grant does not have to be repaid but will be subject to income tax and self employed National Insurance.
As with the first grant HMRC will contact you if you’re eligible, alternatively when the scheme goes live on the 17th August you can follow the link below to check if you are eligible to make a claim.
Eligibility for the second grant will be worked out in the same way as the first grant.
You can make a claim for the second grant if you’re eligible, even if you did not make a claim for the first grant.