Financial support for workers

If you need extra financial support as a result of COVID-19, please read all of the advice on our ‘Financial support for residents’ page to find out what support you’re eligible for and how to apply for it.

Self-isolating and the sick pay you are entitled to

If you are self-isolating with or without symptoms Statutory Sick Pay will be available to you from your first day off.

If you don’t receive Statutory Sick Pay – for example, if you’re self-employed – there’s a range of support available to you including Universal Credit and Employment Support Allowance.

You can find the latest guidance for employees on the gov.uk website.

If you are worried about your ability to pay tax

If you are worried about being able to pay tax as a result of Coronavirus, call HMRC’s dedicated helpline on 0800 0159 559.

If you are on a zero-hours contract and worried about finances

If you’re on a zero-hours contract, you’ll be able to access Universal Credit and the new Employment Support Allowance.

Financial support for the self-employed

The Government has announced a new package of financial support to help the self-employed through the current health emergency. 

  • If you are self-employed then you will be able to apply for a grant worth 80% of your average monthly profits over the last three years, up to £2,500 a month.
  • Initially, this will be made available for three months in one lump-sum payment that will start to be paid from the beginning of June.
  • The scheme is open to those with a trading profit of less than £50,000 in 2018-19, or an average trading profit of less than £50,000 from 2016-17, 2017-18 and 2018-19.

If you are eligible for a grant HMRC will contact you with more information. You can read more about the scheme at gov.uk

If you are not eligible for a grant and require extra financial assistance such as Universal Credit or access to our Council Tax Reduction Scheme, please visit financial support for residents.

If you have been made redundant as a result of coronavirus

If you have recently lost your job as a result of coronavirus, please read all of the advice on this page to check you are receiving all of the benefits you're entitled to, and to find out how to apply for them. If you've been offered more than one redundancy package and you need advice, you can call Citizens Advice Camden on 0300 330 1157. If you are struggling in any way though, we are here to help. You can speak to us by calling 020 7974 4444 (option 9).

Self-employed Income Support Scheme

If your business has been affected by coronavirus you might be able to get support from the Government. 

You could get up to 80% of your average profits up to a maximum of £2,500 per month. If you're eligible, you can also get money to cover lost income for 3 months. You have until Monday 13 July 2020 to apply. 

If your business is still affected by coronavirus in August, you’ll be able to apply to the scheme again. You’ll be able to apply even if you didn’t apply for a first payment. You won’t have to pay the money back, but you will have to pay tax on it.

Who can apply?

You can use the scheme if you’re self-employed or a member of a partnership. Your self-employed profits must not be more than £50,000 per year and they must make up at least half of your total income. The government will look at your tax returns to see if you’re eligible - if you’re not sure you can check the rules on GOV.UK.

You’ll also have to:

  • Have been affected by coronavirus - you won’t need to give evidence of this when you apply
  • Have submitted your tax return for at least 1 of these tax years: 2016-17, 2017-18 or 2018-19
  • Have earned self-employed income in the tax years 2018-19 and 2019-20
  • Be planning to trade in the tax year 2020-21 

How can I apply?

You can apply for the scheme on GOV.UK.

If you can’t apply online, you can contact HMRC for help on GOV.UK.

If HMRC accept your application, they say they’ll pay you within 6 working days. If you need money while you’re waiting, you can check what benefits you can get

You’re allowed to keep working and still get money from the scheme. You can also get another job as an employee somewhere else. But you should remember: 

  • You’re only eligible for the scheme if you plan to continue trading in this tax year - you might have to pay the money back if you apply and then stop trading
  • The money you get from the scheme is taxable income, so you might end up paying more tax 

You have until 13 July 2020 to apply.

If you have any related general queries on doing business in Camden please direct them to the economic development team at economicdevelopment@camden.gov.uk