You may be aware that HMRC will soon be contacting customers who may be eligible to apply for the Government’s Self Employed Income Support Scheme (SEISS) to explain the application process and help them get ready to make a claim.
We are keen to get this message to reach as many people as possible. I note that 12.4% of Enfield residents were self-employed in 2018. We have also identified a need to get this message to applicants in harder to reach communities, such as the BAME community, which, also according to ONS data, made up 39% of Enfield’s population in 2018, and a large proportion of the self-employed workforce nationally. I would therefore be grateful if you could share the below information with those residing in your ward/division. We have also tweeted about the scheme and would appreciate if this could be shared on social media.
The claims service opens on Wednesday 13 May and is being delivered ahead of schedule, with payments reaching bank accounts by 25 May, or six working days after the claim is made.
The scheme will benefit self-employed individuals or those in a partnership whose business has been adversely affected by coronavirus, covering most people who get at least half of their income from self-employment. SEISS is a temporary scheme that will enable those eligible to claim a taxable grant worth 80% of their average trading profits up to a maximum of £7,500 (equivalent to three months’ profits) in a single instalment.
HMRC is using information that customers have provided in their 2018-19 tax return – and returns for 2016-17 and 2017-18 where needed – to determine their eligibility and is contacting customers who may be eligible via email, SMS or letter. We’re also opening an online checker from Monday 4 May which will let customers check their eligibility for themselves, as well as giving them a date on which they can apply.
Customers are eligible if their business has been adversely affected by coronavirus, they traded in 2019-20, 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; and
· Traded in the tax year 2018 to 2019 and submitted their Self-Assessment tax return on or before 23 April 2020 for that year.
Where individuals are ineligible for the scheme, HMRC will direct them to guidance setting out the conditions to help them understand why they are ineligible, and advice about other support that might be available to them such as: income tax deferrals, rental support, Universal Credit, access to mortgage holidays and the various business support schemes the government has introduced to protect businesses during this time.
We expect our phone lines to be very busy over the next few weeks as people enter this new scheme, so are encouraging customers to only call us if they can’t find what they need on GOV.UK, from their tax agent or via our webchat service – this will leave the lines open for those who need our help most.
Further guidance can be found at this link. Applicants can also consult this tool to check if they are eligible.
Please give me a call if you would like to discuss this further.
Kind regards,