Self-employment Income Support Scheme indicator
UPDATE 29 May: From August Sole Traders can apply for a second 3-month grant under the SEISS. Our online calculators have been updated.
UPDATE 7 May: HMRC has now clarified how it will work out profits for this scheme. They also have an eligibility tool:
Our own very basic indicator helps you get a feel for what the new government scheme might provide as a taxable grant.
Below you can see the version which needs three years-worth of profit information from 2016-17, 2017-18 and 2018-19.
If you only have two years of tax return information click here >
If you only have one year, click here >
Refresh your browser to reset the calculator. (Well, I said it was basic.)
You will have to apply for the 2nd grant in August. We’re guessing the money might arrive by roughly mid-August if eligible.
Remember, this is very approximate. It doesn’t mean this is what you will get. It’s just an indicator.
NB: None of your data is saved. This calculator is completely anonymous.