Self-employment Income Support Scheme

The scheme has been extended and eligible businesses able to confirm to HMRC that your business has been adversely affected on or after 14th July 2020 will be able to make a claim for a second grant from 17th August 2020.

The scheme allows you to claim a second and final taxable grant worth 70% of your average monthly trading profits, paid out in a single instalment covering 3 months’ worth of profits, and capped at £6,570.

You can make a claim for a second grant if you’re eligible, even if you did not make a claim for the first grant.

If you want to make a claim you must do so on or before 19th October 2020. The online service is not available yet to claim but will go live on GOV.UK from 17th August 2020.