This information is correct as of 29 March 2020, 09:30, and is subject to change due to the dynamic nature of the current situation..
If you are not eligible for the Coronavirus Self-employment Income Support Scheme, you may be able to claim one of the below benefits or concessions offered by the Government.
If you are eligible for the scheme, you may also be eligible for some of the below benefits.
Statutory Sick Pay (SSP) / Universal Credit
The Chancellor has now confirmed that Self Employed individuals who are on sick leave can access Statutory Sick Pay (SSP) which was previously only for employed persons.
SSP is £94.25 per week, for a maximum of 28 weeks.
The Government advised you can claim for this through Universal Credit, however it may take several days until the system is up and running.
Deferral of Payment on Account (and refunds)
If you were required to make Payments on Account in July 2020, your required payment has been deferred to January 2021. You do not need to take any action for this, it is automatic for all self employed.
Payments on Account are to ‘pre-pay’ towards your next tax bill. If you are now likely to have a lower tax bill from loss of trading profits during the past few weeks, you may be able to request a refund on any payments on account made in January 2020. You can check your online account through HMRC using the ‘refund’ link below.
HMRC Time To Pay
If you are on a payment plan with HMRC for your tax, you may be eligible to receive support through the Time To Pay service.
You are eligible for this scheme if your business pays tax to the UK Government, and has an outstanding balance due to pay.
If you may miss your next payment due to Covid-19, contact the dedicated HMRC team on 0800 0159 559
If you were due to pay your quarterly VAT bill, this has been deferred – the period is from 20 March 2020 until 30 June 2020.
This is automatic for all companies – you will be permitted until the end of the financial year to pay any liabilities which accumulate during the deferral period.
If you pay by Direct Debit, please check your HMRC account as you may need to cancel or resetup a new direct debit depending on your payment plan.
Small Business Rate Relief – £10,000 grant
If you run a ‘hub’ and pay little or no business rates due to Small Business Rate Relief (SBRR), you may be eligible for a £10,000 grant towards your business.
You must be based in England, and occupy a business property. You must already receive SBRR or RRR (Rural Rate Relief).
Payments and claims are done by your local council – contact them directly for support / eligibility