Issue 18 May 2020

Matters

Self-Employment Income Support Scheme

Self-Employment Income Support Scheme The Government's Self-Employment Income Support Scheme is now live to help self-employed people or members of partnerships whose business has been adversely affected by coronavirus.

The scheme will allow you to claim a taxable grant of 80% of your average monthly trading profits, paid out in a single instalment covering 3 months, and capped at £7,500 altogether. 

The grant does not need to be repaid but will be subject to Income Tax and self-employed National Insurance.

You can claim if you’re a self-employed individual or a member of a partnership and all of the following apply:

- You traded in the tax year 2018 to 2019 and submitted your Self Assessment tax return on or before 23 April 2020 for that year
- You traded in the tax year 2019 to 2020
- You intend to continue to trade in the tax year 2020 to 2021
- You carry on a trade which has been adversely affected by coronavirus

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.

For more information visit https://www.gov.uk/guidance/claim-a-grant-through-the-coronavirus-covid-19-self-employment-income-support-scheme

Comments

Have your say...

Comments are closed for this article

Featured this issue

West Sussex County Council (WSCC) reopened Household Waste Recycling Sites (HWRS) across West Sussex on Monday 11th May.

Although the waste sites are open, WSCC is asking you to consider if your journey is absolutely essential before making the trip. 

From Monday 1st June, the range of items will be extended to include garden waste, general household waste, wood, cardboard, electrical items, bulky items, and furniture. The HWRS are currently unable to accept soil / hardcore, plasterboard, asbestos, tyres or textiles for the time being. ID will be required from all vehicles attending site

Vans and pickups will be permitted on the sites, but will need to display their WSCC permit to access the site. Trailers will continue to be rejected for the time being due to the operational changes made to sites.

Normal summer opening hours will be in operation. Once at the sites there will be certain measures in place for the safety of visitors and staff.

Please visit www.westsussexrecycles.org for more information on your local site.