Self-Employed Income Support Scheme - a date for your diary
If you are self-employed or a member of a partnership and were eligible for the first self-employed income support grant, you will be eligible to claim for the second and final grant from the 17th
August 2020, provided that you can confirm with HMRC that your business has been adversely affected by COVID-19 on or after 14th July 2020.
The scheme works in the same way as when your first claim was made, with the only difference being that the grant is based on 70% of your average monthly trading profits, paid out in a single instalment covering 3 months and capped at £6,570 in total (the first claim was based on 80% of your average monthly trading profits).
You can make a claim for the second grant if you’re eligible, even if you did not make a claim for the first one.
To claim you’ll need your:
- Government Gateway user ID and password - if you do not have a user ID, you can create one when you make your claim
- UK bank details (only provide bank account details where a BACS payment can be accepted) including:
- bank account number
- sort code
- name on the account
- your address linked to your bank account
It is expected that the final date you will be able to make your second and final claim is 19th October 2020.