Covid-19 Self-Employed Update

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A reminder that today (13th May 2020) you can apply for the Self-Employed Income Support Scheme.

For those who are eligible, the scheme will be capped at £7,500 and should take no longer than six working days from the date of application for the money to be paid into your account.

You are eligible if your business has been adversely affected by the Coronavirus pandemic. Additionally, you need to have traded in the tax year 2019 to 2020 and intend to continue trading.

Other requirements are as follows:

  • 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 23 April 2020 for that year

Click here to see if you are able to claim.

 You will need both your Self-Assessment Unique Taxpayer Reference (UTR) number and your National Insurance Number for this part.

 If you meet the requirements you can then apply for the grant here

 For this part you will need:

  • Self-Assessment Unique Taxpayer Reference (UTR)

  • National Insurance number

  • Government Gateway user ID and password - if you do not have a user ID, you can create one when you make your claim

  • UK bank details (only provide bank account details where a Bacs payment can be accepted) including:

  •  bank account number

  • sort code

  • name on the account

  • your address linked to your bank account

I am aware of some constituents having difficulty with signing into Government Gateway, therefore you should contact HMRC via telephone between 8am and 4pm: 0800 024 1222

Bear in mind they will be experiencing a high volume of calls during this time.

I will continue to work with my colleagues to do all we can to support the self-employed during this difficult time.

I trust this information has been useful but if you have any other questions or concerns please do not hesitate to contact me.

Please be assured that my staff and I are working to ensure that constituents have as much help as possible at this time. From my last update, I realise that there as specific issues we are looking to address and will be in touch shortly with those who require some further help.

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