For the self-employed workers who have been hit hard financially during this pandemic, they will be pleased to hear that HMRC is to start contacting those who need income support.
Starting from this week, HMRC will get in contact with around three and a half million customers who may be eligible for the government’s Self-Employment Income Support Scheme (SEISS) to explain the application process and help them get ready to make a claim.
The claims service opens on Wednesday 13th May and is being delivered ahead of schedule, with payments reaching bank accounts by 25th May, or six working days after the claim is made.
HMRC have also opened an online assessor, which will let customers check their eligibility for themselves, as well as giving them a date on which they can apply.
SEISS is a temporary scheme that will enable those eligible to claim a taxable grant worth 80% of their average trading profits up to a maximum of £7,500 (equivalent to three months’ profits) in a single instalment.