The Self-Employment Income Support Scheme is being extended…but half of the self-employed are still excluded

When the chancellor announced a scheme for the self-employed similar to the Coronavirus Job Retention Scheme most of the 5m self-employed in the UK breathed a sigh of relief even though it had been a long time coming. It wasn’t long, however, before HMRC started to reject applications from self-employed people excluded from the scheme.…

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Update on the Self-employed Income Support Scheme

The SEISS portal open for applications in phases between 13 and 18 May. Here is the latest information we have the on the scheme. Eligibility checker HMRC’s eligibility checker went live on 4 May and is available to taxpayers and their agents. In a small number of cases, the checker is giving an incorrect not-eligible result. This mostly affects…

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New ‘top-up’ rates grants available for left-out businesses

The government has made extra money available to a range of businesses not previously covered by business rates holidays or support grants. The new discretionary ‘top-up’ fund caters for small businesses with ongoing fixed property costs. The kinds of businesses that may now qualify for help include those in shared workspace offices, regular market traders and small…

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Government launches Future Fund for struggling start-ups

The government has unveiled a new £1.25bn package designed to ensure that early stage companies receive enough investment to remain viable during the coronavirus crisis. Launching in May 2020, the Future Fund will provide government loans to UK-registered companies ranging from £125,000 to £5m, subject to at least equal match funding from private investors. The…

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