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Can You Claim The Self-Employed Income Support Scheme Grants?

HMRC releases expanded guidance ...

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Posted by Roger Eddowes on 22/06/2020 @ 8:00AM

HMRC has just released new guidance for businesses on whether they have been adversely affected by the Coronavirus outbreak and if they can claim either of the two Self-Employed Income Support Scheme grants ...

HMRC has released expanded guidance on eligibility for either of the Self-Employed Income Support Scheme grants!

HMRC has released expanded guidance on eligibility for either of the Self-Employed Income Support Scheme grants!

copyright: inkdrop / 123rf

It has published several examples which show that those self-employed individuals who can return to work as usual in June will not be eligible for the second grant. However, they can claim for the first period up until the 13th of July.

The first grant allowed those that are self-employed, including those trading as a partnership, to claim a taxable grant that was worth 80% of their average monthly trading profits, capped at £7,500, in a single instalment.

"The second and final grant can be claimed in August and it is worth 70% of monthly trading profits!"

This is also paid out as a single instalment, this time capped at £6,570. Eligibility is the same, though do remember it is a separate claim and those that do will need to confirm that Coronavirus has adversely affected their business after 14th July.

Individuals are able to claim for the second grant, even if they didn't apply for the first. Of course, the guidance that HMRC has released contains examples of a business that may be affected.

The owner is unable to work if they:

  • are shielding

  • are self-isolating

  • are on sick leave

  • they have caring responsibilities

  • the business has had to scale back or temporarily close

  • their supply chain has been interrupted

  • they have fewer or no clients

  • staff are unable to come into work

Other examples include extra expense due to the need to implement social distancing requirements.

So, in summary, if a self-employed individual or partnership is adversely affected up to the 13th July 2020, they claim the first grant. If they are still adversely affected from the 14th July 2020 onwards, they can claim the second one.

It may be worth talking to your accountant if you are unsure if you should claim either or both of the Self-Employed Income Support Scheme grants.

Until next time ...

Business Godparent


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About Roger Eddowes ...


Roger trained at Edward Thomas Peirson & Sons in Market Harborough before working at Hartwell & Co, followed by Chancery, as a partner. He started Essendon Accounts and Tax with Helen Beaumont in 2014 as a general practitioner with a hands-on approach.

Roger loves getting his hands dirty, working with emerging, small-to-medium and family businesses to ensure they receive the best possible accountancy advice. Roger utilises an extensive network of business contacts to leverage the best guidance and practical solutions.