Support for the Self-employed

- Last Updated 03/06/2020

During this difficult time for the country, we recognise the extreme disruption on people's lives and livelihoods. Providing support for the self-employed is operationally very challenging - everyone's circumstances are different. That is why there has been a bit of delay in working out the scheme, but I am proud to see that the Treasury is now providing this support.

Below we have outlined support that the Government is providing for self-employed workers, and it will be updated as future announcements are made. 

Self-employment Income Support Scheme

What is it?

The Self-employment Income Support Scheme (SEISS) will support self-employed individuals (including members of partnerships) whose income has been negatively impacted by COVID-19. The scheme will provide a grant to self-employed individuals or partnerships, worth 80% of their profits up to a cap of £2,500 per month.

HMRC will use the average profits from tax returns in 2016-17, 2017-18 and 2018-19 to calculate the size of the grant. The scheme will be open to those where the majority of their income comes from self-employment and who have profits of less than £50,000. If you’re eligible and want to claim the first grant you must make your claim on or before 13 July 2020. You’ll be able to make a claim for a second and final grant in August 2020. Find out more about the extension to the scheme.

Am I eligible?

The scheme is now open and you can check whether you are eligible here.

Get other financial support

You can make a claim for Universal Credit while you wait for the grant. The grant may affect the amount of Universal Credit you get, but will not affect claims for earlier periods.

The government is also providing the following help for the self-employed:

If you have other employment as a director or employee paid through PAYE your employer may be able to get support using the Coronavirus Job Retention Scheme.

Get help online

You can watch videos and register for free webinars to learn more about the support available to help you deal with the economic impacts of coronavirus.

Use HMRC’s digital assistant to find more information about the coronavirus support schemes.