The Self-Employment Income Support Scheme will pay out 80% of profits, up to £2,500 a month, to those who are eligible. We had been told contact would come mid-May, and payouts June. Yet that’s been accelerated.
– Contact from HMRC to start this week by letter, text and email (do be careful if you get one, to check it isn’t spam).
– Applications open Wed 13 May.
– Payments to reach accounts 6 working days from application, so the first payment will be on 21 May. The payment is currently planned to cover Mar, Apr and May, so three months’ payout.
Want to know your application appointment date now? You don’t need to do this, but HMRC has an online eligibility tool for the scheme – if you go through that, afterwards you’ll be randomly allocated a date from 13-18 May.