Government updates advice of scheme for self-employed

HMRC has started to contact people who may be eligible for the new Self-Employment Income Support Scheme (SEISS).

If they are eligible, this scheme will allow them to claim a taxable grant worth 80% of their trading profits up to a maximum of £7,500.

In an email to agents HMRC said: “The process is quick and easy for your clients to follow, but we are asking for your help in guiding them through the eligibility criteria and the process for checking and claiming.”

For information on eligibility, how to make a claim and how HMRC calculates the grants go to https://tinyurl.com/wmdr3q3

HMRC says agents “can play an important role in supporting clients” by helping them get ready to claim by:

  • talking them through why they may/may not be eligible.
  • helping them to find the details they need.
  • using the online eligibility checker on their behalf (or supporting them to use it themselves).

HMRC added: “Under the rules of the scheme, not every self-employed person will be able to claim, so we’d value your support in helping them understand this. Your client must complete the claim themselves.”

Those not eligible for the scheme can access alternative forms of support. They may be able to:

  • delay VAT payments.
  • delay their Self Assessment payment on account.
  • arrange to pay their Self Assessment tax bill in instalments.
  • get a payment from the Small Business Grant Fund.
  • get a loan from the Business Interruption Loan Scheme or Bounce Back Loan.
  • get Universal Credit.
  • apply for Employment and Support Allowance (ESA).
  • apply for Child Benefit.

Those deemed not eligible can ask for a review, and HMRC will start looking at cases from 18 May and explain their eligibility by the end of May.

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