Covid-19 Help for Self Employed
The self employed will be given 80% of their average monthly profit from the past 3 years. ( up to £2500). Payments will be made from June and you will receive the three months in one lump sum. If you missed the January deadline it has been reopened for a short period. Access will also be made to business interruption loans and Universal credit.
This applies to those with profits of up to £50,000
The Tax Office will make direct contact with those eligible.
Post courtesy of Peter Coulsen, Chairman Cutting Edge/SoMSR