Self-employment income support scheme and pay outs
The Self-Employment Income Support Scheme will pay out 80% of profits, up to £2,500 a month, to those who are eligible. It had been said that contact would come mid-May, with pay outs made in June. This has been accelerated.
- Contact from HMRC to start this week by letter, text and email
- Applications open Wed 13 May
- Payments to reach accounts 6 working days from application. The first payment will be on 21 May. The payment is currently planned to cover March, April and May i.e. 3 months’ pay out.
HMRC has an online eligibility tool for the scheme.