Are You Eligible For The Self-Employment Income Support Scheme?
You can now check online ...
Posted by Alison Mead on 06/05/2020 @ 8:00AM
Self-employed people, who fit certain conditions, can claim a grant to help them while their business is affected by COVID-19. HMRC said they would let you know when you can apply for the Self-Employment Income Support Scheme. Well, now is the time to find out ...
The Self-Employment Income Support Scheme could help you if your business is affected by COVID-19!
copyright: hmrc / gov.uk
Finding out if you are eligible or not is surprisingly a very simple process. You do need 2 important bits of information before you start which are your Unique Tax Reference (make sure this is the one associated with your Self Assessment Tax Returns) and your National Insurance Number.
Then you need to click here and go to this webpage on the Government's website. You will first be asked for your UTR (a 10 digit number), and there is a helpful link on the page to help you find yours if you do not have a record of it. The next page will ask for your National Insurance number which you can find on old payslips or P60's if you have any from previous jobs.
You will then be shown a confirmation screen telling you if you are eligible or not. If you are, it will show you a date on which you can apply!
So far, the two people I know who have done this were given the 13th May and then the 15th May. I guess they are filling up slots and trying to prevent a rush all on the same day like they had with the furlough applications. You should receive your money by 25th May if you are eligible and successfully apply on the date shown.
As a further step, the website will ask for contact details to remind you to apply on your designated day. The subsequent screens ask for your Government Gateway User ID and password and prompt you to create them if you don't already have one.
"Once you've logged in, enter your email address and mobile number which they'll use to contact you!"
If you have an accountant who has always submitted your returns for you, remember they can not make the claim on your behalf, so now would be a good time to get your own ID set up. Your accountant may also be able to help by telling you your UTR too.
Until next time ...
Would you like to know more?
If anything I've written in this blog post resonates with you and you'd like to discover more, it may be a great idea to give me a call on 01604 217365 and let's see how I can help you.
About Alison Mead ...
Alison loves bookkeeping and supporting bookkeepers. She has been helping clients to be better bookkeepers in Sage 50 for over 24 years and has been Xero Accredited in accounts and payroll for a number of years too.
She specialises in a very unique hand-holding method of training, helping bookkeepers and business owners to use their accounts software as and when they need support in setting up and producing their invoices, reports and financial information.
Alison combines her role at Silicon Bullet with her Forever Living network marketing businesses and is often to be seen at business networking meetings as she likes to keep busy.
You know what they say: if you want something done well ask a busy person!
More blog posts for you to enjoy ...