{"id":857,"date":"2020-05-16T11:47:24","date_gmt":"2020-05-16T11:47:24","guid":{"rendered":"https:\/\/gnc-accounting.co.uk\/?p=857"},"modified":"2020-05-16T11:47:24","modified_gmt":"2020-05-16T11:47:24","slug":"self-employment-income-support-scheme-is-now-open","status":"publish","type":"post","link":"https:\/\/gnc-accounting.co.uk\/self-employment-income-support-scheme-is-now-open\/","title":{"rendered":"Self-Employment Income Support Scheme is now open"},"content":{"rendered":"
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The scheme will allow you to claim a taxable grant of 80% of your average monthly trading profits, paid out in a single instalment covering 3 months, and capped at \u00a37,500 altogether. This is a temporary scheme, but it may be extended.<\/p>\n
If you receive the grant you can continue to work, start a new trade or take on other employment including voluntary work, or duties as an armed forces reservist.<\/p>\n
The grant does not need to be repaid but will be subject to Income Tax and self-employed National Insurance<\/a>.<\/p>\n