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The scheme is being extended from 1 November.

The first grant will cover a 3 month period from the start of November until the end of January. 

HMRC will provide a taxable grant covering 40% of average monthly trading profits. This is paid out in a single instalment covering 3 months worth of profits, and capped at £3,750 in total.

You’ll have to confirm to HMRC that your business has been adversely affected by coronavirus.

You can find more information about the Self-employment Income Support Scheme on GOV.UK.

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