Tomorrow (13th May 2020) the Self-employment Income Support Scheme (SEISS) goes live, with potential claimants being able to check their eligibility online.
If you’re self-employed or a member of a partnership and have been adversely affected by coronavirus (COVID-19) visit the link below to find out if you can use this scheme to claim a grant.
At the beginning of May the government set up the SEISS Scheme to help support self-employed workers who’ve been unable to work during the coronavirus lockdown.
The government will give grants worth 80% of total profits, up to £2,500 a month.
SEISS can be backdated to cover March, April and May meaning you could claim up to £7,500.
Who is eligible for SEISS?
Self-employed workers can apply if their business has been affected by coronavirus and they:
- Traded in the tax year 2019 to 2020 and intend to continue trading.
- Earn at least half of their income through self-employment.
- Have trading profits of no more than £50,000 per year.
- Traded in the tax year 2018 to 2019 and submitted their self-assessment tax return on or before April 23 2020 for that year.
See here for more details of the scheme: https://www.gov.uk/government/news/self-employed-invited-to-get-ready-to-make-their-claims-for-coronavirus-covid-19-support