UK Government’s Covid-19 Self Employed Support Package

The UK Government has created a Covid-19 Self Employed Support Package to help anybody who is self-employed or a member of a partnership in the UK and have lost income due to coronavirus (Covid-19). Here are some information on this package:

·         The government will provide a taxable grant to self-employed individuals or partnerships, worth 80% of their trading profits up to a cap of £2,500 per month.

·         The grant will be calculated from your last 3 tax returns, up to 2018-19 (or 1 or 2 years of tax returns if you have been self employed for less than 3 years). It will be available for 3 months (March – May 2020) but may be extended.

·         The grant will be administered via HMRC who will send you a form to complete if you are eligible – you do not need to contact them now.

For further information on this scheme, visit:

https://www.gov.uk/guidance/claim-a-grant-through-the-coronavirus-covid-19-self-employment-income-support-scheme

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