From 4 May 2020, HMRC have started to contact people who may be eligible for the Self-Employment Income Support Scheme (SEISS).
If eligible, you may be able to claim a taxable grant worth 80% of average trading profits, up to £7,500 (covering three months of profits). This amount will be paid in a single instalment.
You will need to meet some requirements to be able to receive support from the government. The following measures are needed to qualify:
HMRC may check previous tax returns to establish eligibility and may get in touch with you via email, text or letter.
If you are looking for further advice on the SEISS or would like to find out more on the requirements, please get in touch with Matthew Spencer email@example.com or your usual Lubbock Fine contact.