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22nd April 2021The Self-Employment Income Support Scheme is designed to pay you a grant to cover 3 months of earnings if you’re self-employed.
The online claim form is due to go live from Wednesday 13 May, so what do you need to do?
Step 1 – Check You Are Eligible
Even if you already know you are eligible, you do need to do this to find out when you can claim. Although the form goes live on 13 May, the Government is staggering the claims between 13 and 18 May to cope with the demand. Therefore, you do need to know your date.
There is a handy Government video to show you how to check eligibility here
Once confirmed you are eligible, you will be given a date to make your claim.
Step 2 – Make The Claim
The guidance from the Goverment on making the claim is as follows:
When you make your claim
You’ll only need your:
You’ll have to confirm to HMRC that your business has been adversely affected by coronavirus.
If you claim the grant HMRC will treat this as confirmation you’re below the state aid limits.
HMRC will check claims and take appropriate action to withhold or recover payments found to be dishonest or inaccurate.After you’ve claimed
Once you’ve submitted your claim, you will be told straight away if your grant is approved. We will pay the grant into your bank account within 6 working days.
You must keep a copy of all records in line with normal self-employment record keeping requirements, including:
You will need to report the grant:
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If you’d like a meeting or a Skype call to discuss this, please get in touch with your favourite Liverpool accountant