26th March 2020

• Self-employed people will be able to apply for a grant worth 80% of their average monthly profits over the last three years, up to £2,500 a month
• At least half their income needs to have come from self-employment as registered on the 2018-19 tax return filed in January - anyone who missed the filing deadline has four weeks from now to get it done and still qualify
• The scheme is open to those who earn under £50,000 a year - up to 3.8 million of the 5 million people registered as self-employed.
• Unlike the employee scheme, the self-employed can continue to work as they receive support.
• The money, backdated to March, will arrive directly into people's banks accounts from HMRC, but not until June.
• The grants will be taxable, and will need to be declared on tax returns by January 2022.
• Company owners who pay themselves a dividend are not covered.