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Self-Employed get second grant from Government

2020-06-02T23:06:52+01:00June 3rd, 2020|Categories: COVID-19, Self Employment|Tags: , , , , , , |

Chancellor Rishi Sunak has said self-employed workers across the UK will be able to access a second Grant from the government to cover lost income while the country is in lockdown. The grants paid out by the Self-Employment Income Support Scheme (SEISS) will be worth 70% of a self-employed person's average monthly trading profits to cover three months' worth of income. They will be capped at £6,570. The scheme so far has been used by 2.6 million people and has paid out £6.8bn in claims to self-employed who have been affected by the impact of coronavirus on the economy. [...]

Self-employment Income Support Scheme (SEISS)

2020-04-26T01:01:23+01:00April 26th, 2020|Categories: Blog, COVID-19, Self Employment|Tags: , , , |

The government has announced its intention to provide further support for the self-employed (including members of partnerships) in the form of a Taxable cash grant but does not need to be repaid. The scheme allows individuals to claim a taxable grant worth 80% of their trading profits up to a maximum of £2,500 per month for the 3 months from March to May 2020. This may be extended by the government if needed. The taxable cash grant will be in the form of a single lump sum to cover the three months from March to May 2020. HMRC is [...]

Covid-19 Self Employed Income Support Scheme Announced

2020-03-26T20:04:21+00:00March 26th, 2020|Categories: Blog, COVID-19|Tags: , , |

Chancellor Rishi Sunak has announced the Self-Employed Income Support Scheme to help Britain's 5m self-employed get through the coronavirus pandemic. Below is a quick summary which may help you navigate the announcement (you can read the full text here), but please note things are changing very quickly so what's accurate right now, might not be so in a few days time! We are aiming to keep this page on our website as up to date as possible so it is worth checking every so often. If you are self employed, you don't need to do anything right now Those eligible for the [...]