It should be noted that if you are eligible for the Coronavirus Self-Employment Income Support Scheme, HMRC will be contacting you to invite you to apply for funding. Clearly, there are a large number of people who may be eligible, and the Government websites encourage self-employed workers to bear with them while they process this scheme, rather than contacting them directly.
In the meantime, as well as sharing the link to the Government’s website, we thought it might be helpful to provide some headline pointers from the scheme – but checking the main website for more detailed information is absolutely vital.
A lump sum grant, based on a figure of up to £2,500 per month to cover up to a 3-month period, could be available. This will be calculated on the basis of 80% of average profits over a 3-year period (where applicable), or lesser, to derive the monthly figure.
It is absolutely vital that you access the information directly on the Government website for more detailed information about the scheme – but remember, HMRC will be contacting you if you are eligible
For detailed information, please click here: https://www.gov.uk/guidance/claim-a-grant-through-the-coronavirus-covid-19-self-employment-income-support-scheme