The scheme will allow eligible self-employed people to claim a taxable grant of 80% of their average monthly trading profits, paid out in a single instalment covering 3 months, and capped at £7,500. Customers will have the money paid into their bank account within six working days of making a claim.
The process to claim is simple. Customers need to go to GOV.UK and search for ‘Self-Employment Income Support Scheme’. Every eligible customer has been given a date from when they can claim, between 13 and 18 May. They won’t be able to apply before their claim date, but they will be able to make a claim after that day. And if they can’t remember the date they were given, they can check again by logging into the online checker at any time.
Once online, they will be asked to enter their Unique Tax Reference (UTR), National Insurance Number and Government Gateway password and user ID. They’ll also need to provide their bank account details and the address that bank account is registered to for HMRC to make the payment. Claimants will need a UK bank account that we can transfer money straight into. Payments will be delayed if they do not have this.
We will show them how we’ve calculated the grant when they claim, in case they would like to discuss this with their tax agent. Tax agents are not able to make a claim on their client’s behalf, as this could trigger HMRC’s anti-fraud procedures, slowing down the claim process and making it harder for us to pay money out.
If customers haven’t received any contact from us and they believe that they are eligible, we recommend that they use the eligibility checker after 17 May to check, and if eligible, claim.