On Thursday 26 March the Government announced a new Self-employment Income Support Scheme (SEISS) to support the self-employed, and members of partnerships, who have lost income due to coronavirus.
The detailed guidance can be found here. To be eligible for the scheme self-employed must meet all the criteria below:
The scheme will provide a grant to eligible self-employed individuals or partnerships, based on trading profit for the last 3 tax years, up to a cap of £2,500 per month.
If an individual needs financial help whilst waiting for SEISS, they should consider claiming Universal Credit, see Understanding Universal Credit for further information.
For further information on the Self -employment Income Support Scheme also see here.
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