Thursday 17th September 2020
As part of the Citizens Advice Exeter and The Express and Echo weekly advice column, this week we focus on support for the self-employed due to Coronavirus.
I am self-employed and work has dried up because of the Coronavirus lockdown. I claimed for the Self-Employment Income Support Scheme and heard that there is some additional help now available from the Scheme. What’s the latest?
The Government has now announced that the second and final grant Scheme is now open for applications for businesses that have been adversely affected on or after 14 July 2020. You must make your claim for the second grant on or before the 19th October 2020.
The second grant is worth 70% of your average monthly trading profits, paid out in a single instalment covering 3 months’ worth of profits, and capped at £6,570 in total. The online service will tell you how your grant has been worked out.
You can claim for the second grant even if you did not make a claim for the first grant. You should not claim the grant if you’re a limited company or operating a trade through a trust.
You must make the claim yourself. You must not ask a tax agent or adviser to claim on your behalf as this will trigger a fraud alert, which will delay your payment.
More details about the Scheme, and how to make a claim, can be found at www.GOV.UK
Further more information and advice is available at: www.citizensadvice.org.uk
Watch out for our advice column next week when we focus on doorstep loans.
The information contained in these articles does not constitute advice. Citizens Advice Exeter and The Express and Echo accept no liability for the information published. Citizens Advice Exeter is unable to respond to individual requests for advice through these columns. Copyright Citizens Advice. For the most up-to-date information, please visit www.citizensadvice.org.uk