Self-Employment Support Scheme extended

Self-employed people whose work has been affected by coronavirus have been boosted by an extension to the coronavirus income support scheme.

Workers will be able to make a second and final claim in August for up to £6,750 through the self-employed income support scheme.

This lump sum will be worth 70% of their average monthly trading profits, which is 10% less than previous instalments.

The cap on the first round of payments was 80% of trading profits, up to a maximum of £7,500.

Around 46% of the UK's five million self-employed population claimed grants worth up to £6.8 billion in the first round of grants.

For more details go to: https://www.gov.uk/government/news/chancellor-extends-self-employment-support-scheme-and-confirms-furlough-next-steps