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 17^th 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.