Income Support Scheme

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This grant is available to sole traders who have been registered since at least the tax year 2018/19 tax year for self-employment and submitted tax returns with over 50% of their overall income from self-employment.

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This Grant eligibility is based on the last 3 years' average profits. The first grant and second grants have already been paid out to eligible self-employed individuals; however, if you didn’t apply, you can still apply for the future grants as long as you qualify and your business has been affected by Coronavirus.

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The 4th & 5th Grants will be available and means any new self-employed individuals can now claim.​

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If you have employees and are a sole trader, please note that the government has now extended the Job Retention Scheme to Self Employed Employees up until March 2021

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Grant will payout 80% of the average trading profits capped at a maximum of £7500

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These grants are subject to tax and NIC contributions via your annual tax return submissions.

 

The Self-Employed Income support scheme will continue until September 2021​

 

Must be trading at least in 2019/20 

 

Government Link to apply

 

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