Now the employees’ furlough scheme is open, I’ve had many questions about the Self-Employed Income Supportscheme timings. With it, rather than applying, you’re contacted if you’re eligible.
To manage your expectations, I asked HMRC, and it’s confirmed you should expect contact mid-May (it’s not yet decided whether by letter, online or a combination, I’ll let you know) and payment will be in June.
Many also ask me: “Will it be extended to 4mths like the employee scheme?” I’ve heard nothing, but my inkling is there’s a good chance they will do it in parallel with the furloughing scheme. Though that was done at speed, to forestall firms starting redundancy consultations which need 45 days’ notice.
PS: If you haven’t submitted your (already very late) 2018/19 tax return, you must do it by THIS THU to be eligible for the Self-Employment Income Support scheme. See self-assessment help, or the charity TaxAid can give personal help to those on low incomes.