Government Financial Support for Self-Employed
The government has released a raft of measures to support businesses and sole traders through the Covid-19 pandemic. Use the support finder to see what schemes are still available for you and your business.
You can claim the fifth grant if you think that your business profit has been impacted by coronavirus (COVID-19) between 1 May 2021 and 30 September 2021, and you meet the eligibility criteria. Find out more here.
Self-Employment Income Support (SEISS) (21/04/2021)
Applications for the fourth SEISS grant are now open and you must make your claim on or before 1 June 2021.
What you’ll need to make your claim
You’ll need your:
- Self Assessment Unique Taxpayer Reference (UTR)
- National Insurance number
- Government Gateway user ID and password
- UK bank details including account number, sort code, name on the account and address linked to the account
Only provide bank account details where a Bacs payment can be accepted.
You may also need to answer questions about your passport, driving licence or information held on your credit file.
Enhanced Time to pay for Self-Assessment taxpayers
The government will give the self-employed and other taxpayers more time to pay taxes due in January 2021, building on the Self-Assessment deferral provided in July 2020. Taxpayers with up to £30,000 of Self-Assessment liabilities due will be able to use HMRC’s self-service Time to Pay facility to secure a plan to pay over an additional 12 months. This means that Self-Assessment liabilities due in July 2020 will not need to be paid in full until January 2022. Any Self-Assessment taxpayer not able to pay their tax bill on time, including those who cannot use the online service, can continue to use HMRC’s Time to Pay Self-Assessment helpline to agree a payment plan.
To help you keep your business operating, we’ve made it easy to access the correct and most up-to-date information. Below, you’ll find information on government support for businesses and individuals and practical advice to help you to manage your business through this unusual period.