HMRC have confirmed that the second phase of the Self-Employment Income Support Scheme will start on Monday 17 August. Please note the claims for the first grant are now closed and this is to be the last support available to those that are self-employed.
The scheme will allow you to claim a taxable grant worth 70% (down from the previous 80%) of your trading profits up to a maximum of £6,750.
HMRC will aim to contact those eligible in the same manner as they did in May / June so please keep an eye out for similar means of contact.
Even if you were not adversely affected by the pandemic and did not quality for the first grant, you are still able to apply for this second phase if you have since been affected.
In order to be eligible, your average self-employed trading profits must also be less than £50,000 and more than half of your income arises from self-employment. This is determined by at least one of the following conditions being true:
- having trading profits/partnership trading profits in 2018-19 of less than £50,000 and these profits constitute more than half of your total taxable income; or
- having average trading profits in 2016-17, 2017-18, and 2018-19 of less than £50,000 and these profits constitute more than half of your average taxable income in the same period
HMRC will use data on 2018-19 returns already submitted to identify those eligible and will risk assess any late returns filed before the updated 23 April 2020 deadline in the usual way.
In the same way as before, unfortunately we are unable to claim on behalf of our clients and any claims must be made individually using your Gov.uk login.
We hope you have a Gov.uk account, from your previous claim but if not please follow the instructions here.
For the full, latest guidance available, please read the following HMRC weblink which should explain everything you should need to know regarding the upcoming claim process:
Who is eligible to claim?
You can find more information on eligibility and claiming on our original post here.