Cheltenham: 01242 260066 | Bristol: 0117 933 5710 | Email accountants@mitchells.org

One million apply to self-employed grant scheme in 48 hours

15 May 2020

A million self-employed workers whose income has been hit by the coronavirus (COVID-19) pandemic made 440,000 applications for government grants during the first 48 hours of the scheme being open.

In total, claims of over £1.3 billion were made by 440,000 individuals through the Self-employment Income Support Scheme (SEISS) on 13 May, according to the Treasury. Over 500,000 self-employed workers applied the following day, increasing the total.

The SEISS is designed to match the support being given to furloughed employees.

Under the scheme, the government will pay self-employed people a taxable grant based on an average of their earnings over the past three years. The grant will cover up to 80% of earnings, up to a limit of £2,500 a month.

HMRC said most of the 3.5 million people affected should have been contacted and invited to prepare to make a claim by using its eligibility checker.

Detailed guidance about the grants can be found here.

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Cheltenham Office: 01242 260066
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Company Registration No: 4161638
Company Registered in England and Wales.
Company details
Mitchell Glanville Limited
Registered Address: 41 Rodney Road, Cheltenham, Gloucestershire GL50 1HX

Bristol Office: The Garden Suite, 23 Westfield Park, Redland, Bristol BS6 6LT
Mitchell Glanville Limited regulated by the Institute of Chartered Accountants in England and Wales
Mitchell Glanville (Bristol) Limited regulated by the Association of Chartered Certified Accountants

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