Financial support for self-employed workers who have been adversely affected by the Coronavirus Pandemic.
Self-employed workers will receive cash grants of up to 80% of their average monthly trading profit over a three year period. The grant is paid as a single instalment covering the months of March, April and May, with a maximum payment of £7,500.
Self Employed Workers:
HMRC will use existing information to check potential eligibility.
You can make a claim for this grant from today until Monday the 18th of May. Your claim will be reviewed and the payment sent out within the next 6 working days
HMRC should have been in touch to confirm you are eligible for the scheme and to inform you of the application process. If you have not heard from HMRC but believe you are eligible for the scheme you should first wait until the 17th of May to see if they get in touch. You can also check your eligibility using the HMRC eligibility tool
In order to make a claim you will need the following at hand. Please be aware that you must apply yourself, your tax advisor or agent, must not make the claim on your behalf.
The government will use the information you sent to them on your Self Assessment tax returns to work out your grant amount.
If you think the grant amount is wrong, you should check how much you’ll get or contact your tax agent or adviser for help.
If you still think the grant amount is wrong, you can ask HMRC to review your grant amount. For this, you need:
YES, the government is actively encouraging self-employed individuals to keep on working to help sustain the economy. While social distancing measures are in place, you can teach online classes to continue making a living. Find more details on this here.
Please be aware if you receive texts, calls or emails claiming to be from HMRC. They are aware of scammers trying to take advantage of the Coronavirus situation. Any offers of financial help or a tax refund from HMRC, asking you to click on a link or to give personal information, is most likely a scam! You should forward such emails to email@example.com and then delete it.
HMRC have sent information to the postal address they have on record for you.
HMRC are advising that you keep records of the application you make and the amount you are claiming for. You should also keep evidence that your teaching has been adversely affected by Coronavirus such as: