Self-employed workers can apply to have a direct cash grant of 80% of their profits, up to £2,500 per month for at least three months.
You can apply if you're a self-employed individual or a member of a partnership and you:
Your self-employed trading profits must also be less than £50,000
You can now apply for grants and HMRC will contact you if you are eligible for the scheme and invite you to apply online.
HMRC are now starting to contact customers who may be eligible for the government's Self-Employment Income Support Scheme (SEISS).
The scheme has been extended for a second and final time. Those eligible will receive a government grant worth up to £6570. It works the same as for the PAYE scheme albeit on a lower level now; 70 per cent up to a maximum of £6570 in total.
The full entitlement (covering three months) is payable in one instalment in August and is fully taxable as income. The scheme will not be extended. Those who were not self-employed in the 2018/19 tax year and so did not submit a 2018/19 tax return showing any self-employed income are not eligible for this scheme.
It may also be wise to contact your bank at this time to see if any overdraft can be extended and look into if you can claim Universal Credit and to access advance payments upfront without needing to attend Job Centre Plus. If awarded, the Universal Credit rate is equivalent to Statutory Sick Pay for employees.
New guidance has been published: https://www.understandinguniversalcredit.gov.uk/new-to-universal-credit/self-employment/
The following link offers straightforward information about what furlough is, eligibility, how furlough interacts with benefits and guidance and signposting on taking alternative work while furloughed: https://www.understandinguniversalcredit.gov.uk/employment-and-benefits-support/furlough/
Further guidance has been published for self-employed people who are getting less work or no work at all because of Covid-19.