HMRC begins contacting individuals eligible for coronavirus income support scheme

HMRC has started to contact individuals who may be eligible for its coronavirus (COVID-19) Self-employment Income Support Scheme (SEISS).

Individuals 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. This will be paid in a single installment, according to HMRC.

The SEISS claims service will open on 13 May and aims to 'help millions of self-employed people, covering a wide range of industries and jobs, whose livelihoods have been adversely affected by the coronavirus'.

HMRC stated that the SEISS claims process will be simple, and eligible taxpayers will have the money paid into their bank account by 25 May, or within six working days of completing a claim.

Taxpayers can go online and check their eligibility for the SEISS. Individuals should have their Unique Taxpayer Reference (UTR) and their national insurance number to hand, and make sure their details are up to date in their Government Gateway account.

As your accountants, we can guide you through the SEISS eligibility criteria and the process for checking and claiming. Please contact us for more information.

Address

Advantage Consulting, Regus Blythe Valley Business Park, Central Boulevard, Solihull, West Midlands B90 8AG

Contact us today!

0121 212 6580

Registered office: Advantage Business & Legal Services Limited, Anglo Dal House, 5 Spring Villa Road, Edgware, Middlesex, United Kingdom, HA8 7EB
Registered in England and Wales. Company No: 10409937. VAT No.: 286 5127 79