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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 January 2021 - Submit your self assessment tax return and pay tax due

Don’t forget the deadline for sending in your self assessment tax return and making tax payments. You may be able to agree a Time to Pay schedule with HMRC depending on your circumstances and pay in instalments. Talk to us and we can help you prepare your tax return and advise you on the best options for deferred payments.