Covid-19 – Extension to Self-Employment Income Support Scheme

Covid-19 – Extension to Self-Employment Income Support Scheme

An extension to the existing Self-Employment Income Support Scheme was announced on 29 May 2020. The extension will allow eligible workers to make another claim for a second grant IN AUGUST 2020.

The online portal for making the second claim is not available yet.

Eligible workers will receive 70% of the average of their self-employed earnings for the 2017, 2018 and 2019 tax years taken on a monthly basis or £2,190; whichever is lower. The grant should cover three months. This means that the maximum grant receivable will be £6,570.

Although eligibility criteria specific to the extension has not yet been announced, it is reasonable to assume that it will be based on the original scheme criteria. Basically, if you were eligible for a grant last time then you may well be eligible for a second grant.

It would be reasonable to assume that HMRC will contact eligible workers via their Personal Tax Account in the same way that they did when confirming eligibility for the first grant.

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All the best and stay safe.

Duncan & Jo

HOLLY LODGE