Since 13 May 2020, it has been possible to use online processes, accessed via the gov.uk website, to either:
- Clarify if you are eligible to apply for the Self-Employed Income Support Scheme
- Lodge your claim. Payment should usually be in your bank account within 6 days.
Are you eligible?
By entering your unique tax reference number and National Insurance number you will be advised if you are eligible to make a claim and when you should do this. The link to this facility is on this page.
However, there have been comments in the press that HMRC has had problems with the complex calculations involved in making this decision. If you were expecting to receive a payment under this scheme and are advised that none is available, you should challenge the outcome with HMRC.
Register your claim
If a claim is eligible you will be directed to register your claim by using your personal Government Gateway ID and password.
You will also need your UK bank details (only provide bank account details where a BACS payment can be accepted) including:
- bank account number
- sort code
- name on the account
- your address linked to your bank account.
Finally, you will be asked to confirm that your business has been adversely affected by coronavirus.
Note: claims for the first quarter to 31 May 2020 will close 13 July 2020.
SEISS extended for final three-month period
It was announced 29 May that the SEISS would be extended for a further three-month period to 31 August 2020. Applications for this period will be opened late August 2020. The amount that can be claimed for June-August 2020 will be limited to 70% of eligible earnings capped at a maximum grant of £6,570.
If you would like to discuss this article in more depth, please contact DSC Accountants today.