The self-employed income support scheme was introduced on 13th May 2020 and to date claims in excess of £7.5 billion pounds have been made to over 2.6 million people.
However, please note that the deadline for the application of the 1st round of the grants will be 13th July 2020. The first round relates to a claim of 80% of average profits in the tax years 2016/17, 2017/18 and 2018/19, (or shorter period if you did not trade throughout that three year period) up to a maximum of £2,500. There are restrictions regarding who can claim, most notably it is not available to those with average profits over £50,000 in the reference period.
This is not to be confused with the 2nd round of grants that will be available to claim in August 2020. That relates to the same basis period and is subject to the same restrictions as the 1st round. However the grant is restricted to 70% of the profits.
If you believe you are eligible and have not yet made your first claim make sure you do so in the not too distant future before it is too late!
After years of filming, I have never explained how I make my videos until now. Here at Friend and Grant a lot of the content we produce is one person speaking to a camera, so I thought this would be a good place to start.
Our 3 step risk-free guarantee puts your mind at rest and keeps us on our toes!
Are you hungry for success? If you run a small to medium size business and you want to grow your sales, increase profitability and pay less tax then you have come to the right place.
We are using cookies to give you the best experience on our website.
You can find out more about which cookies we are using or switch them off in settings.
Strictly Necessary Cookies
Strictly Necessary Cookie should be enabled at all times so that we can save your preferences for cookie settings.
If you disable this cookie, we will not be able to save your preferences. This means that every time you visit this website you will need to enable or disable cookies again.