Self-employment Income Support Scheme

(asked on 18th May 2020) - View Source

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, whether he has plans to extend the Self-Employment Income Support Scheme to October 2020.


Answered by
Jesse Norman Portrait
Jesse Norman
This question was answered on 2nd June 2020

The Chancellor of the Exchequer announced an extension to the Self-Employment Income Support Scheme on 29 May.

Eligible individuals whose business is adversely affected by COVID-19 will be able to claim a second and final grant when the scheme reopens for further applications in August. Individuals will be able to claim a taxable grant worth 70 per cent of their average monthly trading profits, paid out in a single instalment covering three months’ worth of profits and capped at £6,570 in total.

There will be no further changes and no further extensions to the scheme, which continues to be one of the most generous in the world.

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