Our offices remain closed and we are still working remotely but our phone lines are staffed and records can be dropped in by appointment only.

Covid 19 Information

If you’re self-employed or a member of a partnership and have been adversely affected by coronavirus (COVID-19) find out if you can use this scheme to claim a grant.

Check if you’re eligible to claim

You can now use the online tool to find out if you’re eligible to make a claim. Your tax agent or adviser can also use the online tool to check your eligibility on your behalf.

You’ll need your:

The eligibility checker includes an option to request a review of not-eligible results.

Online services may be slow during busy times. Find out if there are any problems with this service.

Check now

If you’re eligible

HMRC will tell you the date you’ll be able to make a claim from and ask you to add your contact details. They will use these to remind you when the online service will be available.

If you’re not eligible

HMRC have used the information you or your tax agent or adviser sent us on your Self Assessment tax returns to work out your eligibility.

If you think you are eligible, you should first check who can claim or contact your tax agent or adviser for help.

If you still think you should be able to claim use the online tool to ask HMRC to review your eligibility.

Find other help and support you can get.

How much you’ll get

You’ll get a taxable grant based on your average trading profit over the 3 tax years:

  • 2016 to 2017
  • 2017 to 2018
  • 2018 to 2019

HMRC work out your average trading profit by adding together your total trading profits or losses for the 3 tax years, then we will divide by 3.

The grant will be 80% of your average monthly trading profits, paid out in a single instalment covering 3 months, and capped at £7,500 altogether. The online service will tell you how HMRC have worked the grant out.

The grant amount HMRC work out for you will be paid directly into your bank account, in one instalment.

Find out how HMRC will work out your average trading profits including if you have not traded for all 3 years.

How to claim

The online service will be available from 13 May 2020. If you’re eligible, HMRC will tell you the date you can make your claim from. If your claim is approved you’ll receive your payment within 6 working days.

If you’re unable to claim online an alternative way to claim will be available. HMRC will update this page with more information soon.

You do not need to contact HMRC now, as this will only delay the urgent work being undertaken to introduce the scheme.

If you receive texts, calls or emails claiming to be from HMRC, offering financial help or a tax refund and asking you to click on a link or to give personal information, it is a scam. You should email it to phishing@hmrc.gov.uk and then delete it.

When you make your claim

You’ll only need your:

  • Self Assessment UTR – if you do not have this find out how to get your lost UTR
  • National Insurance number – if you do not have this find out how to get your lost National Insurance number
  • Government Gateway user ID and password – if you do not have a user ID, you can create one when you check your eligibility online
  • 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)

You’ll have to confirm to HMRC that your business has been ” adversely affected” by coronavirus.

If you claim the grant HMRC will treat this as confirmation you’re below the state aid limits.

During the application process you will be presented with a calculation of the amount of the grant. You do not need to enter any figures or information about your income. There is no option to claim an increased or reduced amount of grant. Instead you should claim the amount of the grant as calculated by HMRC and request a review, via the link provided, if you think that the amount should be higher or lower.

HMRC will check claims and take appropriate action to withhold or recover payments found to be dishonest or inaccurate.

After you’ve claimed

Once you’ve submitted your claim, you will be told straight away if your grant is approved. HMRC will pay the grant into your bank account within 6 working days.

You must keep a copy of all records in line with normal self-employment record keeping requirements, including:

  • the amount claimed
  • the claim reference number for your records
  • evidence that your business has been adversely affected by coronavirus

You will need to report the grant:

  • on your Self Assessment tax return
  • as self-employed income for any Universal Credit claims
  • as self-employed income and that you’re working 16 hours a week for any tax credits claims

Meaning of ‘adversely affected’

HMRC has provided some guidance on the meaning of ‘adversely affected’.  This includes being unable to work because the taxpayer is shielding, self-isolating or is on sick leave or has care responsibilities because of coronavirus. It also includes scaling down or temporarily stopping trading because the supply chain has been interrupted, the business has fewer or no customers or staff are unable to work.

The lack of any specific, measurable reductions in income is intentional. You are advised to keep evidence of the impact on your trade, but there is no link between the amount of the grant and the financial loss.

The scheme specifically allows a claim where the trade has continued, so long as the trade is ‘adversely affected’. During the application process, you will be asked to confirm that you meet the eligibility criteria, but the importance of the questions may be missed by some and others may worry about them unnecessarily.

Arrange a free consultation

If you would like to talk to us about how we can help please call or email and we will advise or setup an appointment to discuss your requirements further.

Contact us