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Self-employment income support scheme opens early

The HMRC have announced that the Self-Employment Income Support Scheme opens for applications today – weeks ahead of schedule.

From 8am this morning, eligible self-employed individuals will be able to apply for the scheme grant, worth 80% if their average monthly trading profits up to a maximum of £7,500.00. The single instalment can be expected to hit accounts within six working days of the claim.

Millions of people are expected to benefit from the scheme, which has been labelled as one of the most generous support schemes announced the any government in response to coronavirus.

Claims can be made between the 13th and the 18th May. These dates have been assigned to people based on their Unique Tax Reference numbers. They can be checked on HMRC’s online checker.

The Chancellor of the Exchequer, Rishi Sunak, said:

“We’re working ahead of time to deliver support to the self-employed and, from today, applications open for the millions of people eligible for the scheme.

“With payments arriving before the end of this month, self-employed across the UK will have money in their pockets to help them through these challenging times.”

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