Supporting the self employed

Eligibility: Self-employed (including partners in a partnership)
How to access: HMRC will contact you if you are eligible
system to launch in June 2020

On 24th September, the Chancellor extended this scheme until the end of April 2021.

The Self Employment Income Support Scheme (SEISS) has been extended.

The initial lump sum will cover three months’ worth of profits for the period from November to the end of January next year. This is worth 80% of average monthly profits, up to a total of £7,500.

An additional second grant, which may be adjusted to respond to changing circumstances, will be available for self-employed individuals to cover the period from February 2021 to the end of April 2021.

To qualify for self-employment support, your trading profits must be no more than £50,000 and more than half of your total income for either:

  • the tax year 2018 to 2019
  • the average of the tax years 2016 to 2017, 2017 to 2018, and 2018 to 2019

The advice from HMRC is that you will need to confirm your eligibility for the self-employment support online via your government gateway. There is going to be another way to confirm your application for the grant for those who are unable to get online but this is likely to be slower and more complex.

HMRC will contact in mid-May everyone they believe is eligible for the support and then ask those people to make an online declaration. We expect this to be a series of questions including confirming that the covid-19 crisis has effected your income and the bank details needed for them to make payment.

You will only be able to claim using the GOV.UK online service. If you receive texts, calls or emails claiming to be from HMRC, offering financial help or a tax refund and asking you to click on a link or to give personal information, it is a scam.

Once HMRC has received your claim and your grant is approved, they will contact you to confirm how much you’ll receive.

To ensure you are ready to go when the scheme opens we are asking everyone to check they have a government gateway log on or to follow the below instructions and set one up.

Are you registered on the Government Gateway?

If you are registered, please login as you would normally to ensure your user id and password are working

If you are not, you need to register with the Government Gateway. Here is a guide to how you do this.

  1. Go to HMRC’s login page.
  2. Click the green Sign In button not the register for HMRC online services link
  3. Click “Create sign in details” below the green box on the next page
  4. Enter your email address where asked
  5. You will now be emailed a confirmation code. Use this code to confirm your email address
  6. It will then ask for your name and can set up a password
  7. You may be asked to provide a Recovery word associated with failure to remember passwords
  8. You are then given a user id and can set a password. The user id will be emailed to you but please save this and keep it somewhere safe
  9. Choose to set up an account for an Individuals taxes
  10. You will then be asked to set up a mobile number HMRC can use to send you an access code, this is used each time you log on
  11. Then enter your details as requested, First name, Last name, NI number and date of birth
  12. You will then be asked to confirm your identity with either details from your last P60 or from your passport
  13. Once you id has been confirmed the account is all set up.

The Self-employment Income Support Scheme (SEISS) will support self-employed individuals (including members of partnerships) who have lost income due to Covid-19. This scheme will allow you to claim a taxable grant worth 80% of your trading profits up to maximum of £2,500 per month for the next 3 months until 31 May. This may be extended if needed.

HMRC portal will be launched in June 2020 and you will receive a lump sum. HMRC will contact you if you are eligible.

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Supporting the self employed