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We are in the quarantine again! Thankfully the government took under the consideration situation of self-employed people and decided to increase the grant. Increase is from 55% to 80%.
It is for two periods:
- November 2020-January 2021
- February 2021 – April 2021
The maximum one-off payment is £7500
Who can apply?
- If you were previously were entitle to the grants, and
- If you declare that you still intend to trade but:
- your income decreased because of the COVID-19
- You were previously trading but cannot do so now.
How to apply?
You can apply as previously via your HMRC account.
The grant will be available from 30 November 2020.
More details in previous blog:
https://www.magdatax.co.uk/en/grant-extension-for-self-employed-what-you-can-expect-in-november-2020/
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