Support for businesses - Coronavirus (COVID-19)
Self Employment Income Support Scheme Extension
The self-employment income support scheme supports self-employed individuals, including members of partnerships, who have lost income due to coronavirus (Covid-19).
The scheme has been extended in the form of two grants, each available for three month periods covering November 2020 to January 2021 and February 2021 to April 2021.
The Government will provide a taxable grant covering 40% of average monthly trading profits, paid out in a single instalment covering 3 months’ worth of profits, and capped at £3,750 in total.
The second grant will cover a three-month period from 1 February 2021 until 30 April 2021. The Government will review the level of the second grant and set this in due course.
The grants are taxable income and also subject to National Insurance contributions.
The online service for the next grant will be available from 14 December 2020. HMRC will provide full details about claiming and applications in guidance on GOV.UK in due course. More information see the GOV.UK website.
Updated 2 November 2020