Close Menu
  • News
  • Home
  • In Profile
  • Finance
  • Legal
  • Technology
  • Events
  • Features
  • Wellbeing & Mental Health
  • Marketing
  • HR & Recruitment
  • About
  • Advertise
  • Events Calendar
  • Business Wall
  • Subscribe
  • Contact
  • 0843 289 4634
X (Twitter) LinkedIn YouTube
Trending
  • Finance Founder Celebrates Business Milestone With Advice For Entrepreneurs
  • Fast fashion giant Shein accused of “dark marketing” – what does it mean for businesses?
  • Why GDP Growth Isn’t the Full Story for UK Businesses
  • Windsor Expo Wows: A Showcase of Success, Innovation, and Local Business!
  • Women aren’t risk-averse, they’re risk smart
  • “The Art of Difficult Conversations” Webinar
  • How data is transforming the fabric of SME lending
  • An interview with Dr. Jo Salter MBE: The RAF’s first female fast jet pilot.
X (Twitter) LinkedIn YouTube
SME Today
  • About
  • Advertise
  • Events Calendar
  • Business Wall
  • Subscribe
  • Contact
  • 0843 289 4634
  • News
  • Home
  • In Profile
  • Finance
  • Legal
  • Technology
  • Events
  • Features
  • Wellbeing
  • Marketing
  • HR & Recruitment
SME Today
  • About
  • Advertise
  • Events Calendar
  • Business Wall
  • Subscribe
  • Contact
  • 0843 289 4634
  • Twitter
  • LinkedIn
  • YouTube
  • RSS
You are at:Home»Finance»HMRC invites self-employed to prepare to make their claims for coronavirus support.
HMRC Self Employment

HMRC invites self-employed to prepare to make their claims for coronavirus support.

0
Posted By sme-admin on May 5, 2020 Finance, News

From Monday 4 May) HM Revenue and Customs (HMRC) has begin contacting customers who may be eligible for the government’s Self-Employment Income Support Scheme (SEISS).

Those who are eligible will be able to claim a taxable grant worth 80% of their average trading profits up to a maximum of £7,500 (equivalent to three months’ profits), paid in a single instalment.

HMRC is also inviting customers, or their agents, to go online and check their eligibility for SEISS.

In order to receive quick confirmation from the eligibility checker, individuals should:

  • have their Unique Taxpayer Reference (UTR) and their National Insurance Number to hand
  • make sure their details are up-to-date in their Government Gateway account

Once the online check is complete, eligible customers will be given a date when they can submit their claim. They will also be encouraged to update their contact details.

 The claims service will open on 13 May and is being delivered ahead of the original timetable. This will help millions of self-employed people, covering a wide range of industries and jobs, whose livelihoods have been adversely affected by the coronavirus.

The claims process will be very simple, and those eligible will have the money paid into their bank account by 25 May, or within six working days of completing a claim.

 Individuals are eligible if their business has been adversely affected by coronavirus, they traded in the tax year 2019 to 2020, intend to continue trading, and they:

  • earn at least half of their income through self-employment
  • have trading profits of no more than £50,000 per year
  • traded in the tax year 2018 to 2019 and submitted their Self Assessment tax return on or before 23 April 2020 for that year
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Finance Founder Celebrates Business Milestone With Advice For Entrepreneurs

Why GDP Growth Isn’t the Full Story for UK Businesses

Windsor Expo Wows: A Showcase of Success, Innovation, and Local Business!

Leave A Reply Cancel Reply

Follow SME Today on Linkedin and share all the topics you find interesting
Get £100 of free trades - ii trading account

The Newsletter

Join our mailing list for the best SME stories, handpicked and delivered direct to your inbox every two weeks!

Sign Up
Events Calendar
    • Marketing
    June 20, 2025

    Fast fashion giant Shein accused of “dark marketing” – what does it mean for businesses?

    June 16, 2025

    “My business almost died, twice – here’s how I saved it”

    • Finance
    June 20, 2025

    Finance Founder Celebrates Business Milestone With Advice For Entrepreneurs

    June 20, 2025

    Why GDP Growth Isn’t the Full Story for UK Businesses

    • Health & Safety
    January 29, 2025

    UK takeaways guilty of shocking hygiene failures:

    December 18, 2024

    Comment on Covid Corruption Commissioner Investigation

    • Events
    June 19, 2025

    Windsor Expo Wows: A Showcase of Success, Innovation, and Local Business!

    May 27, 2025

    Jose Ucar Confirmed for Leadership Live 2025 Speaker Line-Up

    • Community
    June 2, 2025

    National Charity Accelerates Children’s Reading Through New Corporate Partnership

    May 14, 2025

    Social care experts launch an online marketplace to disrupt a sector in crisis.

    • Food & Drink
    June 16, 2025

    Hospitality industry risks collapse

    June 4, 2025

    Creative Nature Launches Its First-Ever Kids’ Snack Bar Range in Tesco Nationwide

    • Books
    April 24, 2025

    Values-Driven Professionalism: A Path to Client Loyalty

    December 2, 2024

    Banish the banshee boss: how to lead without fear – addressing the issue of fear-based management and how NOT to be this manager

    About

    SME Today is published by the same team who deliver The Great British Expos’. We have been organising various corporate events for the last 10 years, with a strong track record of producing well managed and attended business events across the UK.

    Join Our Mailing List

    Receive the latest news and updates from SMEToday.
    Read our Latest Newsletter:


    Sign Up
    X (Twitter) YouTube LinkedIn
    Most Recent Posts
    June 20, 2025

    Finance Founder Celebrates Business Milestone With Advice For Entrepreneurs

    June 20, 2025

    Fast fashion giant Shein accused of “dark marketing” – what does it mean for businesses?

    June 20, 2025

    Why GDP Growth Isn’t the Full Story for UK Businesses

    June 19, 2025

    Windsor Expo Wows: A Showcase of Success, Innovation, and Local Business!

    June 19, 2025

    Women aren’t risk-averse, they’re risk smart

    Categories
    • Books
    • Community & Charity
    • Education and Training
    • Environment
    • Events
    • Features
    • Finance
    • Food and Drink
    • Health & Safety
    • HR & Recruitment
    • In Profile
    • Legal
    • Marketing
    • News
    • Property & Development
    • Sponsored Content
    • Technology
    • Transport & Tourism
    • Wellbeing & Mental Health

    Copyright © 2020 SME Today.

    • ABOUT SME TODAY: THE GO TO RESOURCE FOR UK BUSINESSES
    • Privacy
    • Contact
    Copyright © 2025 SME Today.
    • ABOUT SME TODAY: THE GO TO RESOURCE FOR UK BUSINESSES
    • Privacy
    • Contact

    Type above and press Enter to search. Press Esc to cancel.