May 7th, 2020.


The Treasury is thinking about cutting its ceiling for self-employed coronavirus support to £30,000 before its scheme has even launched.

HMRC has begun writing to the self-employed, telling them if they are eligible for the Self-Employed Income Support Scheme and encouraging them to apply.

The self-employed coronavirus support scheme is set to open on May 13, having been brought forward from the June start previously talked about.

Under the current scheme, freelancers and the self-employed can apply for a one-off payment of up to £7,500 covering three months. This is based at looking at your tax returns for the past three years and then averaging your monthly income. Only freelancers and the self-employed who have been earning up to £50,000 a year can apply for the self-employed coronavirus income support scheme.


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