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Business Services  •  Coronavirus Advice

Extension to the self employment support scheme

By RJP LLP on 1 June, 2020

The self employment support scheme is being extended, Rishi Sunak has announced, and those who are eligible for the scheme will now be able to claim a further grant in August.

You can check online through your Government gateway account to see if you are eligible.

The second grant will be 70% of average monthly trading profits, whereas the previous grant was 80%. It will be paid in a single instalment to cover three months and it will be capped at £6,570 (previously £7,500).

As before, the money will be paid directly into a claimant’s bank account within six working days of completing the claim.

Applications will open in August and further guidance will be available on 12 June.

partners@rjp.co.uk

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31 July 2020 - Normally an important deadline!

All taxpayers due to make self-assessment tax payments on 31 July 2020 can now delay their payment due to the disruption caused by Coronavirus. This includes self-employed taxpayers and also company directors who pay self-assessment tax on dividend income.

Read more in our coverage of Coronavirus and business support from the Government.