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Covid-19

๐’๐ž๐ฅ๐Ÿ-๐„๐ฆ๐ฉ๐ฅ๐จ๐ฒ๐ฆ๐ž๐ง๐ญ ๐ˆ๐ง๐œ๐จ๐ฆ๐ž ๐’๐ฎ๐ฉ๐ฉ๐จ๐ซ๐ญ ๐’๐œ๐ก๐ž๐ฆ๐ž (๐’๐„๐ˆ๐’๐’) ๐†๐ซ๐š๐ง๐ญ ๐„๐ฑ๐ญ๐ž๐ง๐ฌ๐ข๐จ๐ง ๐ฎ๐ฉ๐๐š๐ญ๐ž

๐“๐ก๐ž ๐จ๐ง๐ฅ๐ข๐ง๐ž ๐ฌ๐ž๐ซ๐ฏ๐ข๐œ๐ž ๐Ÿ๐จ๐ซ ๐œ๐ฅ๐š๐ข๐ฆ๐ข๐ง๐  ๐ญ๐ก๐ž ๐ญ๐ก๐ข๐ซ๐ ๐ ๐ซ๐š๐ง๐ญ ๐ฐ๐ข๐ฅ๐ฅ ๐›๐ž ๐จ๐ฉ๐ž๐ง ๐Ÿ๐ซ๐จ๐ฆ ๐ญ๐ก๐ž ๐Ÿ๐Ÿ’๐ญ๐ก ๐จ๐Ÿ ๐ƒ๐ž๐œ๐ž๐ฆ๐›๐ž๐ซ

The self-employment support scheme has been extended, and an additional two grants will be available to the self-employed.

Grant 3:

– When can I apply? ๐“๐ก๐ž ๐จ๐ง๐ฅ๐ข๐ง๐ž ๐ฌ๐ž๐ซ๐ฏ๐ข๐œ๐ž ๐Ÿ๐จ๐ซ ๐œ๐ฅ๐š๐ข๐ฆ๐ข๐ง๐  ๐ญ๐ก๐ž ๐ญ๐ก๐ข๐ซ๐ ๐ ๐ซ๐š๐ง๐ญ ๐ฐ๐ข๐ฅ๐ฅ ๐›๐ž ๐จ๐ฉ๐ž๐ง ๐Ÿ๐ซ๐จ๐ฆ ๐ญ๐ก๐ž ๐Ÿ๐Ÿ’๐ญ๐ก ๐จ๐Ÿ ๐ƒ๐ž๐œ๐ž๐ฆ๐›๐ž๐ซ. HMRC will provide full details about claiming and applications in guidance on GOV.UK in due course.

-What period does it cover? ๐“๐ก๐ข๐ฌ ๐ญ๐ก๐ข๐ซ๐ ๐ ๐ซ๐š๐ง๐ญ ๐ฐ๐ข๐ฅ๐ฅ ๐œ๐จ๐ฏ๐ž๐ซ ๐ญ๐ก๐ž ๐ฉ๐ž๐ซ๐ข๐จ๐ ๐Ÿ๐ซ๐จ๐ฆ ๐๐จ๐ฏ๐ž๐ฆ๐›๐ž๐ซ ๐Ÿ๐ฌ๐ญ ๐Ÿ๐ŸŽ๐Ÿ๐ŸŽ ๐ฎ๐ง๐ญ๐ข๐ฅ ๐‰๐š๐ง๐ฎ๐š๐ซ๐ฒ ๐Ÿ‘๐Ÿ๐ฌ๐ญ ๐Ÿ๐ŸŽ๐Ÿ๐Ÿ.

– How much can you get? A lump sum covering 40% of three months’ worth of average monthly profits up to a total of ยฃ3,750

โ€ข The ๐ž๐ฅ๐ข๐ ๐ข๐›๐ข๐ฅ๐ข๐ญ๐ฒ criteria ๐ข๐ฌ ๐ฌ๐ญ๐ซ๐ข๐œ๐ญ๐ž๐ซ for this grant.

To be eligible, you must declare your business has been impacted by ๐‘๐„๐ƒ๐”๐‚๐„๐ƒ ๐ƒ๐„๐Œ๐€๐๐ƒ due to Covid-19โ€ฏin the qualifying period. (November 1st 2020 and the date of your claim)

This differs from the first and second grants, where any adverse impact due to Covid-19 would mean you qualified for the scheme.

This means you can ๐๐Ž ๐ฅ๐จ๐ง๐ ๐ž๐ซ ๐ฆ๐š๐ค๐ž ๐š ๐œ๐ฅ๐š๐ข๐ฆ ๐Ÿ๐จ๐ซ ๐ฌ๐ž๐ฅ๐Ÿ-๐ข๐ฌ๐จ๐ฅ๐š๐ญ๐ข๐ง๐  ๐จ๐ซ ๐ฌ๐ก๐ข๐ž๐ฅ๐๐ข๐ง๐ , which would have made you eligible for grant one and grant two.

๐€๐ฅ๐ฅ ๐ญ๐ก๐ž ๐จ๐ญ๐ก๐ž๐ซ ๐ž๐ฅ๐ข๐ ๐ข๐›๐ข๐ฅ๐ข๐ญ๐ฒ ๐œ๐ซ๐ข๐ญ๐ž๐ซ๐ข๐š ๐Ÿ๐จ๐ซ ๐ญ๐ก๐ข๐ฌ ๐ญ๐ก๐ข๐ซ๐ ๐ ๐ซ๐š๐ง๐ญ ๐ซ๐ž๐ฆ๐š๐ข๐ง๐ฌ ๐ญ๐ก๐ž ๐ฌ๐š๐ฆ๐ž ๐š๐ฌ ๐ ๐ซ๐š๐ง๐ญ๐ฌ ๐จ๐ง๐ž ๐š๐ง๐ ๐ญ๐ฐ๐จ.

โ€ข You must have filed a tax return for 2018/19.

โ€ข You must earn more than 50% of your total income from self-employment.

โ€ข Your average trading profit must be less than ยฃ50,000/year.

โ€ข You ๐‚๐€๐ keep working if you claim the grant.

โ€ข You don’t need to have applied for an earlier grant to get the others

โ€ข You can also apply for and get universal credit (SEISS doesn’t make you ineligible). If you can wait, in some cases it could be worth delaying your SEISS application to maximise your universal credit award.

We have all the details in our Coronavirus Universal Credit & Benefits guide. http://bit.ly/MSE-UC-Claim

โ€ข You must be actively trading and intend to continue to trade.

โ€ข ๐˜๐จ๐ฎ ๐œ๐š๐ง ๐œ๐ฅ๐š๐ข๐ฆ ๐ญ๐ก๐ž ๐ ๐ซ๐š๐ง๐ญ๐ฌ ๐จ๐ง ๐ญ๐จ๐ฉ ๐จ๐Ÿ ๐ฅ๐จ๐œ๐š๐ฅ ๐ฅ๐จ๐œ๐ค๐๐จ๐ฐ๐ง ๐ฉ๐š๐ฒ๐ฆ๐ž๐ง๐ญ๐ฌ.

http://bit.ly/MSE-LLD

The ๐ ๐ซ๐š๐ง๐ญ๐ฌ ๐š๐ซ๐ž ๐ฌ๐ฎ๐›๐ฃ๐ž๐œ๐ญ ๐ญ๐จ ๐ˆ๐ง๐œ๐จ๐ฆ๐ž ๐“๐š๐ฑ ๐š๐ง๐ ๐๐š๐ญ๐ข๐จ๐ง๐š๐ฅ ๐ˆ๐ง๐ฌ๐ฎ๐ซ๐š๐ง๐œ๐ž ๐‚๐จ๐ง๐ญ๐ซ๐ข๐›๐ฎ๐ญ๐ข๐จ๐ง๐ฌ.

๐‡๐จ๐ฐ ๐œ๐š๐ง ๐ˆ ๐œ๐ฅ๐š๐ข๐ฆ?

๐“๐ก๐ž ๐จ๐ง๐ฅ๐ข๐ง๐ž ๐ฌ๐ž๐ซ๐ฏ๐ข๐œ๐ž ๐Ÿ๐จ๐ซ ๐œ๐ฅ๐š๐ข๐ฆ๐ข๐ง๐  ๐ญ๐ก๐ž ๐ญ๐ก๐ข๐ซ๐ ๐ ๐ซ๐š๐ง๐ญ ๐ฐ๐ข๐ฅ๐ฅ ๐›๐ž ๐จ๐ฉ๐ž๐ง ๐Ÿ๐ซ๐จ๐ฆ ๐ญ๐ก๐ž ๐Ÿ๐Ÿ’๐ญ๐ก ๐จ๐Ÿ ๐ƒ๐ž๐œ๐ž๐ฆ๐›๐ž๐ซ. HMRC will provide full details about claiming and applications in guidance on GOV.UK in due course.

The period the grant covers is not the date on which claims open, just because the third grant covers a period starting from November 1st.

That does ๐ง๐จ๐ญ mean applications to claim will open on the 1st of November.

๐“๐ก๐ž๐ซ๐ž ๐ข๐ฌ ๐ง๐จ ๐ข๐ง๐Ÿ๐จ๐ซ๐ฆ๐š๐ญ๐ข๐จ๐ง ๐จ๐ง ๐ญ๐ก๐ž ๐Ÿ๐จ๐ฎ๐ซ๐ญ๐ก ๐ ๐ซ๐š๐ง๐ญ ๐ฒ๐ž๐ญ ๐ž๐ฑ๐œ๐ž๐ฉ๐ญ ๐ญ๐ก๐š๐ญ ๐ข๐ญ ๐ฐ๐ข๐ฅ๐ฅ ๐œ๐จ๐ฏ๐ž๐ซ ๐ญ๐ก๐ž ๐ฉ๐ž๐ซ๐ข๐จ๐ ๐Ÿ๐ซ๐จ๐ฆ ๐Ÿ ๐…๐ž๐›๐ซ๐ฎ๐š๐ซ๐ฒ ๐ฎ๐ง๐ญ๐ข๐ฅ ๐ญ๐ก๐ž ๐Ÿ‘๐ŸŽ๐ญ๐ก ๐จ๐Ÿ ๐€๐ฉ๐ซ๐ข๐ฅ ๐Ÿ๐ŸŽ๐Ÿ๐Ÿ.

๐“๐ก๐ž ๐จ๐ง๐ฅ๐ข๐ง๐ž ๐ฌ๐ž๐ซ๐ฏ๐ข๐œ๐ž ๐Ÿ๐จ๐ซ ๐œ๐ฅ๐š๐ข๐ฆ๐ข๐ง๐  ๐ญ๐ก๐ž ๐ญ๐ก๐ข๐ซ๐ ๐ ๐ซ๐š๐ง๐ญ ๐ฐ๐ข๐ฅ๐ฅ ๐›๐ž ๐จ๐ฉ๐ž๐ง ๐Ÿ๐ซ๐จ๐ฆ ๐ญ๐ก๐ž ๐Ÿ๐Ÿ’๐ญ๐ก ๐จ๐Ÿ ๐ƒ๐ž๐œ๐ž๐ฆ๐›๐ž๐ซ

๐Œ๐จ๐ซ๐ž ๐ฎ๐ฌ๐ž๐Ÿ๐ฎ๐ฅ ๐ฅ๐ข๐ง๐ค๐ฌ ๐š๐ง๐ ๐ซ๐ž๐ฌ๐จ๐ฎ๐ซ๐œ๐ž๐ฌ:

http://bit.ly/MSE-Covid-19-SEISS

https://bit.ly/NJB-COVID-GUIDE

๐Œ๐“๐ƒ ๐Ÿ๐จ๐ซ ๐ˆ๐ง๐œ๐จ๐ฆ๐ž ๐ญ๐š๐ฑ, ๐๐ข๐  ๐œ๐ก๐š๐ง๐ ๐ž๐ฌ ๐š๐ซ๐ž ๐œ๐จ๐ฆ๐ข๐ง๐ 

http://bit.ly/NJB-MTD

https://bit.ly/MTD-Survival-Guide

https://bit.ly/HMRC-MTD-Guide

https://bit.ly/NJB-Starling-Free-Business-Account