Self-employed workers can apply for a grant worth 80% of their average monthly profits to help them cope with the financial impact of coronavirus, the chancellor has announced.

The advice from HMRC on how to claim a grant through the COVID-19 self-employment income support scheme is available if you’re self-employed or a partner in a business. This article was first published on 26th March and has been updated today, 14th April. 

Please be aware that in order to be eligible to claim you must have submitted your Self Assessment tax return (for the 2018-19 tax year) by 23rd April 2020 or you will not be able to claim a grant. HMRC will use data on the 2018 to 2019 tax returns already submitted to identify those eligible and will review any late returns filed before the 23 April 2020 deadline in the usual way. If you amend a submitted return after 26 March 2020 any changes will not be taken into account when working out your eligibility or amount of the grant.

HMRC plan on contacting those who are eligible by mid-May, using the online service, alternative methods to claim will be available for those who are not online, and payments will follow expecting to be paid in June. 

The contents of this post do not constitute legal advice and are provided for general information purposes only