Did you know that the government has finally updated its website and you can find out if you would be eligible for their support scheme?

If you are self-employed (either as an individual or in a partnership), you can claim a taxable grant worth 80% of your trading profits up to a maximum of £2,500 per month, for 3 months. This may be extended.

You may be eligible for this scheme if:

  • you’ve lost profits due to coronavirus
  • you’ve submitted your Self Assessment tax return for 2018 to 2019 tax year
  • you traded in 2019 to 2020 tax year
  • you are trading when you apply, or would be except for coronavirus
  • you intend to continue trading in 2020 to 2021 tax year
  • your trading profits have been no more than £50,000 for either 2018 to 2019 tax year, or as an average of last 3 financial years
  • your trading profits have been more than half of your total income for either 2018 to 2019 tax year, or as an average of last 3 financial years
Click on the link here to find out if you are! -  https://lnkd.in/gK9p4MP