After the Job Retention Scheme support was rolled out for businesses in the UK, the self-employed were crying out for their own support too.
That’s when the Self Employed Income Support scheme was announced.
However, the Chancellor stressed that it would be a while until this payment could be made.
The Self Employed Income Support Scheme
The scheme allows those who are self employed to claim a taxable grant of 80% of their average monthly trading profits, covering 3 months.
This payment would be paid in one single instalment and be capped at £7,500.
In order to claim the support you will need to have traded in the 18/19 tax year and submitted the Self Assessment tax year.
You also will have needed to trade in the 19/20 tax year, and be self employed for this current tax year too. Your trading profits must be no more than £50,000 and be at least equal to your non-trading income.
Have HMRC Contacted Everyone Who Is Eligible?
Due to the complicated nature of who is eligible, the government said that they would get in touch with anyone who is self-employed and eligible for the support.
However, some have reported not being contacted and others are curious as to whether they will be eligible.
Therefore HMRC have released a ‘checker’ to allow you to see whether you are eligible.
Check To See If You Are Eligible
Checking takes seconds, providing you have your UTR number & your National Insurance Number.
- First go to this gov.uk website link that allows you to check.
- Scroll down the page and click the ‘check now’ link under the ‘Check if you’re eligible to claim’ headline.
- You’ll then be required to enter your Unique Taxpayer Reference number.
- Then you’ll be able to enter your national insurance number.
At this point you can get instant confirmation about whether you are eligible or not.
Appealing HMRC’s Decision
If you aren’t eligible, but believe HMRC are wrong, then you are encouraged to get in touch with your accountant, tax advisor, or contact HMRC directly through another link that they will provide to you.
We hope this blog helps you get the support you need, and if you need any help, please feel free to get in touch with us about how we can help further.
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