HM Revenue & Customs (HMRC) has started to contact people from today that may be eligible for the new Self-Employment Income Support Scheme.
Anyone that qualifies for the scheme will be able to claim a taxable grant worth 80% of their trading profits up to a maximum of £7,500.
The process will be quick and easy for clients to complete and HMRC are asking financial advisors to help clients check if they are eligible and guide them through the checking and claiming process. Also help clients understand the reasons why they are not eligible. All clients must complete the claim themselves.
Advsiers Helping You Ready to Claim
Clients eligible may be able to:
This link will provide updated information to check on individual eligibility, how to claim and how grants will be calculated. https://www.gov.uk/guidance/claim-a-grant-through-the-coronavirus-covid-19-self-employment-income-support-scheme
HMRC has identified the right eligible people that can claim but there maybe others that can ask for a review or advisors can ask on their behalf. Any additional review request claims will be looked at by HMRC from 18th May 2020 with a reply to explain eligibility by the end of May 2020.
HMRC is aware of the increase in scams at this time and advise people that are advised to claim to only do through so GOV.UK. There is no other service. If anyone contacts you saying they are from the HMRC offering financial help or a tax refund and asking you you click on another link or give them financial and personal information should be ignored and any suspicious emails be reported to the HMRC by forwarding the email to firstname.lastname@example.org or any scam texts to 60599.