Self Employed 80%!

Self-employed individuals are to be paid 80% of trading profits, up to £2,500 a month, to help them cope with coronavirus crisis.  This will be based on figures for the last three years TRADING PROFIT up to £50k.  It will cover those who earn a MAJORITY of their income from being self employed and they must have filed a 2019 tax return. 

It looks as though the function to claim this grant is not going to be up and running until the beginning of June 2020.   Meanwhile, the Chancellor is recommending that people apply under the Universal Credit system to get help straight away.

If you haven't filed your tax return for April 2019 then the Chancellor is giving extra time to get your return filed.  So if you missed your deadline and still haven't filed you have the chance to catch up and still be eligible for this grant.