The deadline for eligible individuals to claim their first grant under the Self- Employment Income Support Scheme, worth 80% of their average monthly trading profits for three months up to £7,500, is next Monday 13 July 2020.
Individuals will also be able to claim a second and final grant from 17 August, where they can confirm their business has been adversely affected by coronavirus from 14 July. The second grant will be equivalent to 70% of average monthly trading profits for three months, paid out in a single instalment, capped at £6,570. Individuals will be able to claim for the second grant even if they did not make a claim for the first one.
Self employed workers can make a claim direct to HMRC and they will need the following information:
- Self Assessment Unique Taxpayer Reference (UTR) – if you do not have this find out how to get your lost UTR
- National Insurance number – if you do not have this find out how to get your lost National Insurance number
- Government Gateway user ID and password – if you do not have a user ID, you can create one when you make your claim
CLICK HERE to find out more.