This week HMRC will start contacting people who may be eligible for the new Self-Employment Income Support Scheme.
If eligible, you will need a Government Gateway user ID and password.
If eligible, this scheme will allow self-employed or each partner in a partnership to claim a taxable grant worth 80% of their trading profits or share of profits up to a maximum of £7,500.
Under the rules of the scheme, not every self-employed person will be able to claim.
You can claim if you’re a self-employed individual or a member of a partnership and:
• you traded in the tax year 2018 to 2019 and submitted your Self-Assessment tax return on or before 23 April 2020 for that year
• you traded in the tax year 2019 to 2020
• you intend to continue to trade in the tax year 2020 to 2021
• you carry on a trade which has been adversely affected by coronavirus
Your business could be adversely affected by coronavirus if, for example:
• you’re unable to work because you:
• are shielding
• are self-isolating
• are on sick leave because of coronavirus
• have caring responsibilities because of coronavirus
• you’ve had to scale down or temporarily stop trading because:
• your supply chain has been interrupted
• you have fewer or no customers or clients
• your staff are unable to come in to work
Those who are ineligible
Not all self-employed will be eligible. But there may be other help available, including:
• delay VAT payments
• delay their Self-Assessment payment on account
• arrange to pay their Self-Assessment tax bill in instalments
• get a payment from the Small Business Grant Fund
• get a loan from the Business Interruption Loan Scheme or Bounce Back Loan
• get Universal Credit
• apply for Employment and Support Allowance (ESA)
• apply for Child Benefit.
HMRC have worked hard to identify the right people who are eligible.
Those excluded from eligibility may request a review or may instruct their agent to request a review, on their behalf. If a review is requested HMRC will look at each case from 18 May and explain eligibility by the end of May.
Please be aware of an increase in scam emails, calls and texts. Eligible customers will be invited to claim through GOV.UK – it is the only service to use. If someone gets in touch with you claiming to be from HMRC, saying that financial help can be claimed or that a tax refund is owed, and asks you to click on a link or to give information such as their name, credit card or bank details, please do not respond. It is a scam.
Suspicious emails claiming to be from HMRC should reported to HMRC by sending them to email@example.com. Texts should be sent to 60599.
HMRC will write again in the next few days with more information on the claim process and I will let you know as soon as I hear any more details.
Check eligibility and get a Government Gateway User ID and Password:
NB If you’re unable to claim online an alternative way to claim will be available. HMRC will be providing more information soon.