Claim a grant through the Self-employment Income Support Scheme.
The chancellor announced the following new measures on 26 March 2020:
Support for the self employed during the coronavirus crisis:
Additionally, more than half of your income came from self-employment.
At least one of the following conditions being true:
If you started trading between the years 2016 to 2019, HMRC will only use those years for which you filed a Self-Assessment tax return.
If you have not submitted your Income Tax Self-Assessment tax return for the tax year 2018-19, you must do this by 23 April 2020.
HMRC will use data on 2018-19 returns already submitted to identify those eligible and will risk assess any late returns filed before the 23 April 2020 deadline in the usual way.
The comparable Employee Job Retention scheme for employees will apply to furloughed workers laid off during the crisis and has a cap of £2,500 per month.
Additional support for small business
Employee job retention scheme: if you have other employees
Grant funding: if you have a business premises
Small business rate relief: if you have a business premises
VAT payment deferral
Emergency bank loans
COVID-19: Statutory self-employment pay scheme
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