Supporting our local businesses
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4. Support for the self-employed
A Self-employment Income Support Scheme (SEISS) has been set up to support self-employed individuals (including members of partnerships) whose income has been negatively impacted by Covid-19 (coronavirus). The scheme will provide self-employed individuals or partnerships with a grant worth 80% of their profits up to a cap of £2,500 per month.
HMRC will use the average profits from tax returns in 2016-17, 2017-18 and 2018-19 to calculate the size of the grant. The scheme will be open to those where the majority of their income comes from self-employment and who have profits of less than £50,000. The scheme will be open for an initial three months. Those eligible will receive payment in June.
To be eligible for this grant you must meet all the criteria – find the details on the Government’s self-employment income support scheme page. The self-employment income support scheme FAQ may answer any questions you may have about the scheme. Please note: HMRC will contact you if you are eligible for the scheme and will invite you to apply online.
Watch out for scams
Please watch out for scammers. The Government states that you can only access this scheme through GOV.UK. If someone texts, calls or emails claiming to be from HMRC, saying that you can claim financial help or are owed a tax refund, and asks you to click on a link or to give information such as your name, credit card or bank details, it is a scam.