Self-Employment Income Support Scheme (SEISS)

From today (Monday 4 May), HM Revenue and Customs (HMRC) are beginning to contacting customers who may be eligible for the government’s Self-Employment Income Support Scheme (SEISS).

Those who are eligible will be able to claim a taxable grant worth 80% of their average trading profits up to a maximum of £7,500 (equivalent to three months’ profits), paid in a single instalment.

HMRC have launched an online eligibility checker for SEISS. You will need your Unique Taxpayer Reference (UTR) and National Insurance Number to hand.

Once the online check is complete, eligible taxpayers will be given a date when they can submit their claim. Only make a claim if your business has been adversely affected by coronavirus.

If you do not have an existing Government Gateway user ID and password you should create one now.

If you already have a Government Gateway account you should make sure your contact details are up-to-date.

The claims service will open from 13 May. HMRC say the claims process will be very simple, and those eligible will have the money paid into their bank account by 25 May, or within six working days of completing a claim.

Who’s eligible?

Individuals are eligible if their business has been adversely affected by coronavirus, they traded in the tax year 2019 to 2020, intend to continue trading, and they:

  • earn at least half of their income through self-employment
  • have trading profits of no more than £50,000 per year
  • traded in the tax year 2018 to 2019 and submitted their Self Assessment tax return on or before 23 April 2020 for that year

HMRC is using the information from the 2018 to 2019 tax returns – and the returns for 2016 to 2017 and 2017 to 2018 where needed to determine eligibility. They will be contacting taxpayers who may be eligible via email, text message or letter.

However, please be aware of HMRC phishing emails, texts and phone call scams

Where individuals are ineligible for the scheme, HMRC will direct people to guidance setting out the scheme conditions to help them understand why they are ineligible, and advise on other support available to them such as:

  • Income tax deferrals
  • Rental support
  • Universal Credit
  • Access to mortgage holidays
  • Various business support schemes the government has introduced to protect businesses during this time

Further guidance and information on the scheme is available on GOV.UK