0208 432 3310 / 0208 240 4498
info@biznavca.co.uk


If you would like to receive a regular summary of our news updates please sign up here!

Self-employed grants claim process now open

Since 13 May 2020, it has been possible to use online processes, accessed via the gov.uk website, to:

Clarify if you are eligible to apply for the Self-Employed Income Support Scheme, and
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 page https://www.tax.service.gov.uk/self-employment-support/enter-unique-taxpayer-reference

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:

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.

This entry was posted in Business. Bookmark the permalink.