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Self Employment Scheme

The Self Employment Income Support Scheme is a Government initiative that has been put in place to support the self employed during the Coronavirus pandemic. Under the scheme, businesses who have been negatively impacted as a result of the pandemic can claim a taxable grant of 80% of your average trading profits up to £2,500 per month, for 3 months. The payment will be made in a single instalment. 

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Eligibility Checker active

5th May 2020

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Applications open

13th May 2020

Grants paid to businesses

6 working days after application

Applications for the self employment scheme are now open.

Check your eligibility

Businesses wishing to apply for the scheme will first need to check their eligibility using the government eligibility checker, if you have not been contacted directly by HMRC already.

 

Application

If you are eligible for the scheme, you will be provided a date between 13th and 18th May for when you can apply. Applications cannot be made before your given date, but can be made after it if you do not complete the application on your designated day. The eligibility checker went live on the 5th May with the scheme opening for businesses to apply from Wednesday 13th May 2020. 

When completing your application you must do this yourself – accountants or agents cannot process the application on your behalf. If your accountant or agent has already completed your application on your behalf this could lead to delay in the grant being issued. For more information contact HMRC.  

 

Claim processing timeline

Claims submitted will then take up to 6 working days to be processed from the date of your application and paid directly into your account. 

Government guidance and tools

To check your eligibility, apply for the Scheme and find out everything you need about the Self Employment Scheme. Simply select one of the options to be taken through to the Government sites for detailed guides and information.

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Guide

Find out directly from gov.uk all about the Self Employment Scheme.
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Eligibility Checker

Find out if your business is eligible for the scheme here.

Watch

A short video guiding you through the application process for the Self Employment Scheme.

How Sage can help

At Sage we have a range of support tools available to you and your business during this time. For the Self Employment Scheme you can read our guide and FAQ documents to give you all of the information you will need to get your business ready to apply.  For more information on the financial support available to your business and the tools Sage have to help you during this time select one of the options below.   

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Self Employment Scheme Ask Sage article

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Self Employment Scheme FAQ

Sage Advice blog

Free solutions and training

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Financial support: UK Government funding support tool

Sage Legal Disclaimer

All information provided by Sage (UK) Limited (“Sage”) is solely intended to provide you with general guidance on matters related to the coronavirus (COVID-19) and its potential impact on your business. All information is valid at the time of publishing and is intended for general guidance purposes only and is provided "as is" with no guarantee of completeness, accuracy, timeliness or of the results obtained, and without any warranty of any kind, express or implied. Sage may provide links to certain third party web sites. Sage does not accept any responsibility for, nor makes any representations as to the accuracy of, any content in such third party web sites. Whilst Sage has made every attempt to ensure that all information provided has been obtained from reliable sources, it is not responsible for any errors or omissions in the information. As such, the information does not constitute legal or professional advice and before making any decision or taking any action you should consult a professional adviser. In no event will Sage be liable to you for any direct, indirect, consequential, or incidental loss or damage arising out of or in connection with your use of the information provided.