Coronavirus Self-employed Grant Calculator

Self Employed Grant Calculator

Try our Self-employed grant calculator tool to see how much you can claim from the Government. The maximum grant is £2,500 per month.

Conditions of the Self-employed Grant Claim

To qualify for the grant, self employed individuals must confirm the following:

  • A 2018/2019 tax return has been submitted (and it was submitted by 23rd April 2020).
  • The business traded in 2019/20, is still trading now* and will be trading in 2020/21 (* trading may have halted due to Coronavirus).
  • Profits have been lost due to Coronavirus.

The self-employed grant calculator below is based on the latest guidance provided by HMRC. The calculation provided is for guidance only.

What are Trading Profits?

The self-employed grant calculator requires the profits (or losses) from your self-employment.

The profits are defined as your turnover less business expenses and capital allowances.

It does not include any losses carried forward from previous years or the personal allowance.

What is Other Income?

Other income relates to all additional income received in the year.

It includes the following: employment, pensions, dividends, savings, property income and any other misc income (including social security).

How do I claim my Self-employment grant?

HMRC have released a tool which allows self-employed individuals to check their eligibility. The tool uses information contained on your submitted personal tax returns.

For more information on the grant including the HMRC tool, see our 3 step guide on how to claim the self-employment grant.

Self-Employed Grant Further Information

Further information and support provided by ourselves:
Frequently asked questions on the Self-employment income support grant
10 Cashflow tips for self-employed
Further information provided by HMRC:
Detailed guidance on the self-employed grant
How HMRC will work out the self-employed grant claim with calculation examples

DISCLAIMER – Please note that the content contained in this article is for general information only and is not a substitute for professional advice – read our full disclaimer

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