Support for the self-employed
There are new schemes available to help support self-employed people adversely affected by COVID-19.
Self-employment Income Support Scheme
Further details about who is eligible for the scheme and how it will work are available from GOV.UK.
Self-employed people do not need to get in touch with HMRC as the scheme isn't yet open for applications. HMRC will contact eligible customers by the beginning of June, inviting them to apply.
Unfortunately, we are aware of an increase in scam emails, calls and texts. If someone gets in touch claiming to be from HMRC, saying that financial help can be claimed or that a tax refund is owed, and asks you to click on a link or to give information such as your name, credit card or bank details, please do not respond.
HMRC will never contact you out of the blue to ask for these details.
The government has also introduced the following help for the self-employed:
- Deferral of Self Assessment Income Tax payments due in July 2020 and VAT payments due from 20 March 2020 until 30 June 2020
- Grants for businesses that pay little or no business rates
- Increased amounts of Universal Credit
- Business Interruption Loan Scheme
- Directors of their own company paid through PAYE, may be able to get support using the Job Retention Scheme
Newly Self-employed Hardship Fund
We are administrating this fund on behalf of the Scottish Government. The purpose of this fund is to provide hardship relief to newly self-employed individuals who have not been able to access support through other schemes. Successful applicants will receive a one-off payment of £2,000.
We've compiled some FAQs which you can read through to check your eligibility. Please read them before starting an application.
You will need electronic copies of the following in support of your application:
- Proof of identity (for example passport or driving licence)
- Proof of address (council tax bill, utility bill)
- Evidence of active trading up to March 2020
- Three months' bank statements showing income and outgoings from self-employment
- An active supplier or reseller trade account
- Valid business insurance
- HMRC Unique Taxpayer Reference (if registered)
- Marketing materials
Your application and supporting documents will be subject to verification/audit. If any part of the declaration in the application is subsequently found to be false you will be required to repay the grant. If you are found to have knowingly provided false information your application could be subject to fraud referral. Our privacy notice can be found here.