CORONAVIRUS INFORMATION

 
Coronavirus information

SELF-EMPLOYMENT INCOME SUPPORT SCHEME:  

4th May 2020: LATEST INFORMATION: CHECK YOUR ELIGIBILTY FOR SEIS SCHEME NOW

Click on this link to check your eligibilty for the Self-employment Income Support Scheme (SEISS). You will need your UTR and National Insurance number, and will then be prompted to create or log in to your Government Gateway account to enter your contact details. 

Unfortunately we cannot do this for you, but if you don't have your UTR or NI number please email us at info@davidmjones.co.uk and we'll get back to you as soon as we can.

Once you've entered your details, HMRC will contact you when you're able to make a claim. We expect this process to be a declaration that you meet the criteria for qualifying, primarily that your business has been adversely affected by Coronavirus restrictions.

We believe that you will be able to make a claim from 8am on 14th May 2020, but will update this page when we have more information.

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The Self-employment Income Support Scheme (SEISS) will support self-employed individuals (including members of partnerships) who have lost income due to coronavirus (COVID-19).

This scheme will allow you to claim a taxable grant worth 80% of your trading profits up to a maximum of £2,500 per month for the next 3 months. This may be extended if needed.

DETAILS: https://www.gov.uk/guidance/claim-a-grant-through-the-coronavirus-covid-19-self-employment-income-support-scheme

The government are doing various things to help small businesses. The main things are:

  • VAT payment deferment for 3 months - GOVERNMENT ADVICE IS TO CANCEL THE DIRECT DEBIT FROM YOUR BANK

  • Grants for retail, hospitality and leisure businesses who pay business rates (£10,000 for those claiming Small Business Rates Relief)

  • 80% reimbursement of wages and salaries for employees who are "furloughed", i.e. not able to work. Details not yet issued by government

  • Deferral of Income Tax payments from July 2020 to January 2021

  • There is a government-backed Business Interruption Loan Scheme available, interest free for 12 months. This is a loan, and will need to be repaid.

The latest government advice for small businesses is below

Businesses in Wales: https://businesswales.gov.wales/government-support-businesses

Businesses in England and the wider UK: https://www.gov.uk/government/publications/guidance-to-employers-and-businesses-about-covid-19/covid-19-support-for-businesses

A comprehensive summary of most things you need to know from Martin Lewis at Money Saving Expert: https://www.moneysavingexpert.com/news/2020/03/uk-coronavirus-help-and-your-rights/