The Government's Self-Employment Income Support Scheme, which will be of benefit to a number of equestrian sector workers, has been extended for a further six months. Two further grants have been added, each available for three-month periods covering November 2020 to January 2021 and February 2021 to April 2021. Applicants will receive a single taxable grant worth 80% of the average profits they would make over a three-month period, up to a total of £7,500, paid directly into their bank accounts. The online service for claiming the next grant will be available from 30 November.
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.