Self-employed workers and sole traders continue to wait anxiously to claim for SEISS (Self-Employed Income Support Scheme) – which will offer up to 80% of trading profits, up to a maximum of £2,500 per month, for a period of at least 3 months (subject to being extended).
Self-employed workers have been hit hard during the coronavirus pandemic, with many unable to claim any form of income or receive furloughed income from their employer.
A number of industries have been affected, including hotels, hospitality, catering, retail, travel and events.
The SEISS claims portal will be open later this week and self-employed taxpayers to check their eligibility and start the claiming process, which will offer funds directly from the UK government as part of their coronavirus support for the self-employed.
If successful, claimants can receive their compensation within 6 days.
Claimants must have an income below £50,000 in 2018/19
To be eligible for the scheme, claimants must have an income of less than £50,000 during the year of 2018/19 and therefore they must have been trading for over 2 years. Average calculations over a three-year period will also be taken into consideration and any rejections of the scheme can be challenged.
Details of the SEISS Portal
Unlike the furlough scheme, the claims can only be made by the taxpayers, so will not be eligible to people earning under £12,000 per year.
The HMRC will be sending invitation letters for the scheme but this may delay the claims process.
The online checker can help to provide HMRC with correct up to date contact information for the taxpayer which will be used by HMRC to invite the SEISS claims to be made next week.
If a negative result is obtained on the checker, then HMRC can be asked to review the case if this decision is to be challenged. See below for known issues already with the online checker tool.
How to a Make a Claim Through SEISS
A self-employed person must have the following information on hand when checking eligibility for their claim.
- Self-Assessment UTR number
- National Insurance number
- Government Gateway user ID and password
- Bank account number and sort code for the grant (only provide bank account details where a BACS payment can be accepted)
- Confirmation to HMRC that the business has been adversely affected by coronavirus
For more information, you can find out about SEISS here.