The scheme will allow those who are self-employed to claim a taxable grant of 80% of their average monthly trading profits, paid out in a single instalment covering 3 months, and capped at £7,500 altogether. This is a temporary scheme, but it may be extended. Check if you are eligible to claim.
To make a claim you will need:
· Self Assessment UTR
· National Insurance number
· Government Gateway user ID and password
· Bank account number and sort code you want us to pay the grant into (only provide bank account details where a Bacs payment can be accepted).
When claiming you will have to confirm to HMRC that your business has been adversely affected by coronavirus.