Coronavirus Self-employment Income Support Scheme

The Self-employment Income Support Scheme (SEISS) will support self-employed individuals (including members of partnerships) who have lost income due to coronavirus (COVID-19).

This scheme will allow you to claim a taxable grant worth 80% of your trading profits up to a maximum of £2,500 per month for 3 months covering March – May 2020. For the 3 months June – August, the grant is reduced to 70% up to a maximum of £2,190 per month.

  • 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

Suitable for Self-employed, Sole Traders, Partnerships, LLP’s

Your self-employed trading profits must also be less than £50,000 and more than half of your income come from self-employment. This is determined by at least one of the following conditions being true:

  • having trading profits/partnership trading profits in 2018-19 of less than £50,000 and these profits constitute more than half of your total taxable income
  • having average trading profits in 2016-17, 2017-18, and 2018-19 of less than £50,000 and these profits constitute more than half of your average taxable income in the same period

If you started trading between 2016-19, HMRC will only use those years for which you filed a Self-Assessment tax return.

HMRC have contacted people to say that they are eligible.

Portal for claims now open for claims relating to March – May. It will open for claims June – August at the end of August.

Online checker tool now available here – you will need your UTR and National Insurance Number. Make sure you update your contact details.

To find out how HMRC will calculate your trading profits go to this page.

If you started trading after 6th April 2019 then you cannot access this scheme at the current time

You will be notified, if you are eligible, for this grant by HMRC (GOV.UK)

You will access this scheme only through GOV.UK. If someone texts, calls or emails claiming to be from HMRC, saying that you can claim financial help or are owed a tax refund, and asks you to click on a link or to give information such as your name, credit card or bank details, it is a scam.

Full details of the scheme can be found here.

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