Coronavirus information

Self-employment Income Support Scheme

The government announced a scheme to allow self employed people to claim a taxable grant worth 80% of trading profits (average annual income over the last 3 years). This is for up to a maximum of £2,500 per month.

The initial payments will be for 3 months - this may be extended if needed. The grant will be paid directly into your bank account, in one instalment.

You can apply if you're a self-employed individual (or a member of a partnership). Your trading profits must be less than £50,000 and constitute more than half of your average taxable income.

To qualify you must:

  • have submitted your Income Tax Self Assessment tax return for the tax year 2018-19
  • traded in the tax year 2019-20
  • be trading when you apply, or would be except for COVID-19
  • intend to continue to trade in the tax year 2020-21
  • have lost trading/partnership trading profits due to COVID-19

If you had not submitted your Income Tax Self-Assessment tax return for the tax year 2018-19, you needed to do this by 23 April 2020.

HMRC will use data on 2018-19 returns already submitted to identify those eligible and will risk assess any late returns filed before the 23 April 2020 deadline in the usual way.

HMRC should have contacted you directly if you were eligible for the scheme and invited you to apply online. Payments were expected to begin in June.

In addition self-employed people can now access Universal Credit in full. A self-employed person with a non-working partner and two children, living in the social rented sector, can receive welfare support of around £1,800 per month.

For more details:

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