The Self-Employed Income Support Scheme is now open for claims. You can make a claim at any time until Friday 29th January by visiting the below link.
To make a claim for the third grant your business must have had a new or continuing impact from coronavirus between 1 November 2020 and 29 January 2021, which you believe has caused a significant reduction in your profits.
The third taxable grant is worth 80% of your average monthly trading profits, paid out in a single instalment covering 3 months’ worth of profits, and capped at £7,500 in total.
The grant is subject to Income Tax and self-employed National Insurance and must be reported on your 2020 to 2021 Self-Assessment tax return.
Click here to read more guidance.
If you would like any help or support on understanding what schemes and grants are available for you please click here to contact us now.