The Government's Self-Employment Income Support Scheme, which will be of benefit to a number of equestrian sector workers, has been extended. A second, and final, grant will be available when the scheme opens for applications again in August 2020. Applicants will receive a single taxable grant worth 70% of of the average profits they would make over a three-month period, up to a total of £6,570, paid directly into their bank accounts. There will be no changes and further extensions to the scheme after this second grant.
If you're eligable and want to claim the first grant, you must do so by 13 July 2020.
The grants will be available to anyone who meets all the criteria:
Businesses set up since April 2019 won’t be eligible as there will be no filed tax return on record. For these new start-ups, there is other help available such as Universal Credit if you hold savings below £16,000 and business continuity loans where they have a business bank account.
HMRC will contact you directly and you’ll have to fill out a form to indicate your business has been impacted by the pandemic. You can also make your claim online by clicking here.
To check if you're eligable to receive the grant, click here.
The below video explains the steps you'll need to go through when making your claim.