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Chancellor is on now 5 PM self employed help

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2 minutes ago, scotspine1 said:

HMRC will contact people it thinks are eligible based on SA tax returns it holds?

 

Did I hear that right? 

 

.

Can't remember. Just saw the red mist and turned him off lol

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It offers some parity with the employee scheme - 80% of profits up to £2,500 a month for three months initially. Unlike the employee scheme, the self-employed can continue to work. It is targeted at up to 3.8 million of the 5 million people registered as self-employed, who earn under £50k. The money, backdated till March, will arrive directly into people's banks accounts from HMRC as a lump sum for all three months, but not until June. The grants will be taxable, and will need to be declared on tax returns by January 2022.

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