HELP FOR SELF-EMPLOYED – SELF EMPLOYMENT INCOME SUPPORT SCHEME SECOND (FINAL) GRANT

Share on facebook
Share on google
Share on twitter
Share on linkedin
  • This second grant can be claimed from HMRC if you have been adversely affected by coronavirus on or after 14 July 2020. You have to make a declaration to this effect as part of the claim process.

 

  • If you did not make a claim for the first grant under this scheme you can still make a claim for the second grant.

 

  • Eligibility for the second grant follows the same criteria as that for the first grant.  

 

  • The grant is taxable and will be included in your self-employment income.

 

  • The claim will be made using the taxpayer’s Government Gateway login. Agents will not be able to make the claim on behalf of their clients, however at Redshield we will be able to check the amount of the claim for you.  Further details on this scheme can be found by clicking the link below.

 

  • SCAMS – please be aware that there are email and text scams going round regarding this scheme. We recommend going direct to the gov.uk website rather than clicking on any link you may receive in an email or text.

 

  • You’ll get a taxable grant which will be 70% of the average profits from the 3 tax years (where applicable) ending 5 April 2019 up to a maximum of £6,570

 

Related Articles

News
Jenny Dinnage

HELP FOR SELF-EMPLOYED

The Government will pay a grant of up to £2,500 per month for the next 3 months for self-employed who qualify. The grant is taxable…

Read More »
News
Jenny Dinnage

Job Retention Scheme

A furloughed worker is one that is temporarily laid off so that they do no work but are retained as employees to be brought back to work when you have work for them to do.

Read More »
Juliet Morris Director of Redshield Chartered Accountants
Jenny Dinnage Redshield Chartered Accountants Director
Rachel - an employee of Redshield Chartered Accoutants
Emma is an employee of Redshield Chartered Accountants
Amanda is an employee of Redshield Chartered Accountants

Redshield Chartered Accountants Team

We're ready to help you.

We’ll make your accounting easier.

Free, no obligation call. Call us today:

Juliet Morris Director of Redshield Chartered Accountants
Jenny Dinnage Redshield Chartered Accountants Director
Rachel - an employee of Redshield Chartered Accoutants
Emma is an employee of Redshield Chartered Accountants
Amanda is an employee of Redshield Chartered Accountants

Redshield Chartered Accountants Team

We're ready to help you.

We’ll make your accounting easier.

Free, no obligation call. Call us today:

pop-up-logo

Let's speak about your Accounting needs

Learn how we can ease your accountancy pain.

Call us, or if your prefer, send us your details and we’ll contact you.

01892 861 777