Guidance for the Self-Employed

Millions of people across the UK could benefit from the new coronavirus (COVID-19) Self-Employed Income Support Scheme, with those eligible receiving a cash grant worth 80% of their average monthly trading profit over the last three years, up to £2,500 per month. This covers 95% of people who receive the majority of their income from self-employment.

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.

To qualify, more than half of your income in these periods must come from self-employment.

To minimise fraud, only those who are already in self-employment and meet the above conditions will be eligible to apply. HMRC will identify eligible taxpayers and contact them directly with guidance on how to apply.

The income support scheme, which is being designed by HMRC, will cover the three months to May. Grants will be paid in a single lump sum instalment covering all 3 months, and will start to be paid at the beginning of June.

The scheme has been designed after extensive engagement with stakeholders including the TUC, the Federation of Small Businesses and IPSE - The Association of Independent Professionals and the Self-Employed.

Guidance on the coronavirus (COVID-19) Self-employment Income Support Scheme from HMRC can be found here.

See Also

Coronavirus (COVID-19)

Understandably, lots of people have been getting in touch about Coronavirus (COVID-19). It is important that we all continue to follow official public health guidelines and remain calm.

Coronavirus Scams

Coronavirus (COVID-19) has unfortunately been seen by some criminals as an opportunity.

Many of us are feeling more vulnerable than we normally would. Criminals are playing on this for their own financial gain.

Guidance for Employees

The government has announced a package of measures to protect jobs and incomes as part of the national effort in response to Coronavirus, COVID-19.

Renters and landlords

In response to the financial impact of the Coronavirus  the Government has announced a package of protections for renters and landlords.

Support for Businesses

The Chancellor has set out a package of measures to support businesses during the disruption caused by COVID-19.

The package includes:

Supporting Those Most In Need

A huge number of people across the Two Cities have volunteered to help those in need across London. You can find out more how you can help here.

Travel Advice

The Foreign & Commonwealth Office (FCO) now advises British people against all non-essential travel worldwide. This advice took effect immediately on 17 March. 

Two Cities Business Directory

Since the beginning of the pandemic, local MP Nickie Aiken has been keen to promote services and facilities available to people living in the Two Cities.

Volunteering in the Cities of London & Westminster

Hundreds have of local people have already offered their time to both Westminster City Council and the City of London Corporation to help them look after our constituency’s most vulnerable. Both authorities though are still looking for more volunteers if you would like to get involved.