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A self-employed person would not necessarily have to stop work completely. To be able to apply for the grant, a business must be able to demonstrate that profits have been lost due to COVID-19. A fall in trade is likely to lead to a fall in profits, however if trade has continued as normal a claim cannot be made.

 

For our latest COVID-19 news and guidance for your business, visit our dedicated Coronavirus Hub.
We will be updating it regularly as we continue to monitor and digest all the latest information

 

Date published 7 Apr 2020 | Last updated 25 Sep 2020

This article is intended to inform rather than advise and is based on legislation and practice at the time. Taxpayer’s circumstances do vary and if you feel that the information provided is beneficial it is important that you contact us before implementation. If you take, or do not take action as a result of reading this article, before receiving our written endorsement, we will accept no responsibility for any financial loss incurred.

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