Day: May 8, 2020

Ceiling for self-employed coronavirus support may be dropped to £30,000

HMRC is thinking about lowering the ceiling for the self-employed to qualify for coronavirus income support

UPDATED: The Treasury is thinking about cutting its ceiling for self-employed coronavirus support to £30,000 before its scheme has even launched yet.

HMRC has begun contacting the 3.5m self-employed who may be eligible to receive a backdated cash grant worth up to £7,500.

Those eligible will receive a letter, email or text message from HMRC with information about how to make an online claim when the Self-Employed Income Support Scheme (SEISS) opens on May 13.

Money should hit bank accounts by May 25 or

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