Self-Employed Income Support Scheme – Final Applications

Our Reviews

4.9 / 5 Based on 4257 Reviews
Read all reviews »

Don’t miss out on the second stage of the government coronavirus support scheme for the self-employed.

Many self-employed business owners in the hairdressing, beauty, holistic and health & fitness sectors will have jumped on the HMRC website first thing on Monday to apply for their second (and final) grant.

If your business has been affected by coronavirus and you’re not sure about applying, here’s a quick guide. It’s simple to apply and this is your last chance – applications must be made on or before the 19th October 2020.

Who can apply? 

You are eligible to apply for a grant if you are self employed or in a partnership and your business has been adversely affected by the Covid-19 crisis on or after the 14th July 2020.

In order to make a claim, you must all meet all of the following criteria:

  • You traded in the tax year 2018 and 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 trading in the tax year 2020 to 2021

Who can’t apply?

You cannot claim if:

  • You are a limited company
  • Your trading profits are more than £50,000 per year

How much can I get?

The grant will be worth 70% of your average monthly profits paid out in a single instalment that covers 3 months’ worth of profit and this is capped at £6,570. HMRC will calculate this from your previous self assessment tax returns.

How do I apply?

HMRC will contact all potentially eligible customers to invite them to apply but be careful if you receive any suspicious text messages, phone calls or emails as they may be from scammers. Contact HMRC if you are suspicious.

If you don’t hear from HMRC but you think you can claim, you can check if you’re eligible.

When you’ve got the necessary details together, you can start your application online.

What information do I need to apply?

You apply via your government gateway sign in and you will need to have the following information to hand:

  • Self Assessment Unique Taxpayer Reference (UTR) – if you do not have this,  find out how to get your lost  UTR
  • National Insurance number – if you do not have this,  find out how to get your lost National Insurance number
  • Government Gateway user ID and password – if you do not have a user ID, you can create one when you make your claim
  • UK bank details (only provide bank account details where a BACS payment can be accepted) including:
  • Bank account number
  • Sort code
  • Name on the account
  • Your address linked to your bank account

If you are currently claiming maternity allowance you can still apply as this does not affect your eligibility for the grant.

You should apply yourself using your government gateway login. (If your accountant or advisor applies on your behalf, it may trigger a fraud alert and delay your application).

Leave a comment



Our Reviews

4.9 / 5 Based on 4257 Reviews
Read all reviews »

Spoke to a lady called Val before finishing my quote, very helpful.

23 minutes ago

Very good website to use made it easy to purchase the cover I require.

on Sep 21st

Great and to the point, not trying to charge an arm and a leg for something like most others. Very happy, Vagabond's Barbershop

on Sep 21st
This website is intended for customers based in the UK and is therefore subject to the UK regulatory regime(s) © Copyright 2020 Salon Gold | Salon Gold, Holistic Gold, Counselling Gold, Fitness Gold and Henry Seymour & Co. are trading names of Barkdene Limited which is authorised and regulated by the Financial Conduct Authority (FRN 303965) for our insurance distribution and credit broking activities. Barkdene Limited is a credit broker not a lender. You can check this on the Financial Services register Registered in England No 1842617. Registered Office – Chancery House, St Nicholas Way, Sutton, Surrey, SM1 1JB. All rights reserved.
Get a Quote