We are drawing closer to the release of the scheme for the self-employed to claim the taxable grant from the government.
When you make your claim you will require to have the following information available:
•National Insurance number
•Government Gateway user ID and password – if you do not have a user ID, you can create one when you check your eligibility online * Please visit our YouTube Channel to see how to sign up
•bank account number and sort code you want us to pay the grant into (only provide bank account details where a Bacs payment can be accepted)
You’ll have to confirm to HMRC that your business has been adversely affected by coronavirus.
If you claim the grant HMRC will treat this as confirmation you’re below the state aid limits.
HMRC will check claims and take appropriate action to withhold or recover payments found to be dishonest or inaccurate.
Setting up a Government Gateway Account
Watch and subscribe to our YouTube channel for this and other help videos
Go to the link below (this is the next stage from the above link)
This is essential to progress a claim, before you click on the link you will need to have the following available –
•National Insurance Numbers
•Passport or drivers licence
Please note: You will need to create your own Government Gateway account at this point as we will not be able to do this on your behalf.
Bounce Back Loan
For small businesses to borrow between £2,000 and £50,000. The Government will guarantee 100% of the loan with no fees or interest required for the first 12 months.
The scheme will be delivered through a network of accredited lenders. Who is eligible?
You can apply for a loan if your business:
• is based in the UK
• has been negatively affected by coronavirus
• was not an ‘undertaking in difficulty’ on 31 December 2019
You cannot apply if you are already receiving funding. See here for information on how to apply.
Callan Accountancy offers expert accountancy help and advice with a free initial consultation.