It’s finally here!  If you are self-employed or a member of a partnership and have been adversely affected by COVID-19 (????), your grant is scheme is now live!

Who can claim

You can claim if all of the following apply:

• you traded in the tax year 2018 to 2019 and submitted your Self Assessment tax return on or before 23 April 2020 for that year,
• you traded in the tax year 2019 to 2020,
• you intend to continue to trade in the tax year 2020 to 2021,
• you carry on a trade which has been adversely affected by coronavirus.

Key Points:

•  taxable grant of 80% of your average monthly trading profits, paid out in a single instalment covering 3 months, and capped at £7,500 altogether,
•  If you receive the grant you can continue to work, start a new trade or take on other employment  
• It’s a grant, so it does not need to be repaid but it will be subject to Income Tax and self-employed National Insurance 

For more information..???? https://www.gov.uk/guidance/claim-a-grant-through-the-coronavirus-covid-19-self-employment-income-support-scheme 

???? this scheme is extended.