Head office | 01772 653 000

Fylde coast office | 01253 347 063

On 26 March 2020, the Chancellor announced the Self-employment Income Support Scheme.

This scheme pays a grant of 80% of your average trading profits up to a maximum of £2,500 per month for three months. It is available to self-employed individuals and members of a business partnership who have trading profits of less than £50,000 and get more than half of their income from self-employment.

You must also:

  • Have submitted your 2018 – 2019 tax return (or do so by 23 April 2020);
  • Have traded in the 2019 – 2020 tax year;
  • Still be trading (or would be if it were not for coronavirus);
  • Plan to continue trading in the 2020 – 2021 tax year; and have lost trading profits because of coronavirus.

The scheme is not open yet. HMRC will start contacting eligible people by the start of June. For more information, go to www.gov.uk and search for ‘Claim a grant through the coronavirus (COVID-19) Self-employment Income Support Scheme’. Please also read the scam warning.

Share Follow NWL Chamber on Facebook Twitter Share Follow NWL Chamber on LinkedIn Back to News channel

Latest Articles

Live Chat

OUR PATRON MEMBERS

Active Lancashire Logo blackpool and the fylde college bhm logo code galaxy fi real estate management fox group james brearley logo merlin ryan logo Sustainable Energy First Logo team leyland logo