Financial support will be provided to self-employed workers through the ‘Self-Employed Income Support Scheme’. Self-employed workers will receive a taxable grant of 80% of their average monthly income, up to a maximum of £2,500 per month.
The scheme will be open to those with a trading profit of less than £50,000 in 2018-19, or an average trading profit of less than £50,000 from 2016-17, 2017-18 and 2018-19. Those who are recently self-employed and do not have a full year of accounts will not receive any help under this scheme. HMRC will contact self-employed workers directly if they’re eligible for the scheme.