HM Revenue and Customs has today launched the Self-Employment Income Support Scheme (SEISS).
If you're self-employed or a member of a partnership and have been adversely affected by coronavirus (COVID-19) you can apply for an SEISS grant, which is worth 80% of your average monthly trading profits.
Payments are made in a single instalment covering three months and capped at £7,500 – expected to land in bank accounts within six working days of each claim. It is a temporary scheme, but it may be extended.
If you receive the grant, you can continue to work, start a new trade or take on other employment including voluntary work, or duties as an armed forces reservist.
The grant does not need to be repaid, but will be subject to Income Tax and self-employed National Insurance.
There is other support available if you’re not eligible for the grant.
Go to the Gov.UK coronavirus guidance and support pages for further information on the SEISS grant and to check if you are eligible to claim.