26 March 2020
Support for self-employed through the Self-employment Income Support Scheme
For those affected here is the information released by the government. For the many director/shareholders of your own companies you are not self-employed for tax purposes rather an employee of your own company.
The Self-employment Income Support Scheme (SEISS) will support self-employed individuals (including members of partnerships) who have lost income due to coronavirus (COVID-19).
This scheme will allow you to claim a taxable grant worth 80% of your trading profits up to a maximum of £2,500 per month for the next 3 months. This may be extended if needed.
Claim a grant through the Self-employment Income Support Scheme.
