Corona Virus

COVID-19 and Self Employment

On Thursday 26 March the Chancellor announced a new Self-Employment Income Support Scheme (SEISS) to support those whose income has been negatively impacted by coronavirus.

The scheme will provide a grant to self-employed individuals or partnerships, worth 80% of their profits up to a cap of £2,500 per month.

What you need to know

  • This scheme is being delivered by HMRC.
  • Eligible customers should be advised not to contact HMRC now.
  • HMRC will contact eligible customers directly once the scheme is operational. They will then pay the grant directly to eligible customers’ bank account
  • Grants are expected to start to be paid out by the beginning of June 2020.

The Self-Employment Income Support Scheme will be treated as earnings in Universal Credit. A customer’s Universal Credit payment will adjust in response to changes in their earnings.

If a customer needs financial help whilst waiting for SEISS, they should check their eligibility for Universal Credit.

Customers can find more information at Understanding Universal Credit and


To be eligible for the scheme customers must meet all the criteria below:

  • Be self-employed or a member of partnership;
  • Have lost trading/partnership trading profits due to coronavirus;
  • File a tax return for 2018/19 as self-employed or a member of a trading partnership. Those who have not yet filed for 2018/19 will have an additional four weeks from 26 March to do so;
  • Have traded in 2019/20; be currently trading at the point of application (or would be except for coronavirus) and intend to continue to trade in the tax year 2020 to 2021
  • Have trading profits of less than £50,000 and more than half of their total income coming from self-employment.

Published on Monday 30th March 2020