Help for self employed

treecampbell

I can’t seem to find the answer to this anywhere so hoping someone might be able to help.
I run my own business and unable to trade due to the Coronavirus. My husband is employed and currently still working from home.
Do I still qualify for the self employed scheme grant the government are offering even if we have an income coming into the household? 

poppy12345

Other income won't affect any grant you maybe entitled to.

Hermann

Provided you meet the criteria in the guidance you will be entitled to apply, whether you qualify for a payment we don't know yet as the form that will be sent out has not been published.

https://www.gov.uk/guidance/claim-a-grant-through-the-coronavirus-covid-19-self-employment-income-support-scheme

Who can claim

You can claim if you’re a self-employed individual or a member of a partnership and you:

• have submitted your Self Assessment tax return for the tax year 2018 to 2019
• traded in the tax year 2019 to 2020
• are trading when you apply, or would be except for coronavirus
• intend to continue to trade in the tax year 2020 to 2021
• have lost trading profits due to coronavirus

You will need to confirm to HMRC that your business has been adversely affected by coronavirus. HMRC will as usual use a risk based approach to compliance.

Your trading profits must also be no more than £50,000 and more than half of your total income for either:

• the tax year 2018 to 2019
• the average of the tax years 2016 to 2017, 2017 to 2018, and 2018 to 2019

If you have not submitted Self Assessment tax returns for all 3 years find out how we will work out your eligibility

If you have not submitted your Self Assessment tax return for the tax year 2018 to 2019, you must do this by 23 April 2020 or you will not be able to claim.

HMRC will use data on the 2018 to 2019 tax returns already submitted to identify those eligible and will review any late returns filed before the 23 April 2020 deadline in the usual way.

If you amend a submitted return after 26 March 2020 any changes will not be taken into account when working out your eligibility or amount of the grant.