Self-employed workers, including on-demand drivers like yourself, are particularly hard-hit by the coronavirus outbreak’s economic impact. The government will soon introduce a self-employed support scheme – a grant you can use if you’ve lost income due to the epidemic as a self-employed worker or as a member of a partnership.
This scheme will allow you to claim a taxable grant worth 80% of your trading profits up to a maximum of £2,500 per month for the next 3 months. This may be extended if needed.
The information in this guide has been gathered from online government sources and it’s subject to change as the situation evolves. Check with the HMRC for any updates.
Am I eligible for the self-employed support scheme?
Self-employed support scheme requirements
You can apply for the British Government’s COVID-19 self-employed support scheme if:
- You’ve submitted your Income Tax Self Assessment tax return for the 2018-19 tax year
- You traded in 2019-20
- You’re trading when you apply, or would be except for COVID-19
- You want to continue trading in the tax year 2020-21
- You’ve lost trading trading profits due to COVID-19
- Your self-employed trading profits are less than £50,000 and amount for more than half of your total income*
*This can be calculated as the three-year average for 2016-17, 2017-18, and 2018-19, or solely for the 2018-19 tax year. If you started trading between 2016-19, HMRC will only use those years for which you filed a Self-Assessment tax return.
If you haven’t submitted your Income Tax Self-Assessment tax return for the tax year 2018-19, you must do this by 23 April 2020.
How much support can I get?
If you’re eligible, you’ll get 80% of your average profits from the past three tax years, up to a maximum of £2,500 per month for 3 months.
You’ll get the grant directly into your bank account, in one instalment.
Can I claim the grant if I’m still driving?
Yes. You’re eligible for the self-employment support if you’ve lost profits because of the epidemic or the consequences of the lockdown, as long as your average self-employed trading profit amounts for more than half of your total income and doesn’t exceed £50,000 annually.
How to apply for the self-employed support scheme?
You cannot apply yet, but HMRC will contact you if you’re eligible, once they officially introduce the scheme.
In other words, you only have to submit your Income Tax Self-Assessment tax return for the tax year 2018-19 by 23 April. Once your paperwork is up to date and HMRC processes your data, they will reach out and invite you to apply online.
Important: scammers are abusing the current situation and the vulnerability of the self-employed, so be careful who you share your banking or personal information with. This grant will only be available through gov.uk
How and when will I get the money?
Once you’ve applied, HMRC will contact you again to tell you the exact sum you’re eligible for as well as the expected payment date.
Does this income affect my Universal Credit?
Yes, if you claim Universal Credit, you’ll need to mention the grant you receive through this scheme as income.
Other support options
Top up your income with parcel and food deliveries
A word on health and safety
The safety of our members and staff remains our number one priority. We’re working tirelessly to align our operations with the Government’s restrictions and advice, so we can protect each other, assume social responsibility, and do our part in easing the pressure on the healthcare system.
Take a moment to read our safety guide:
Splend is more than a set of wheels. We’ll help steer your career.
In addition to providing you with the most important tool in your career as a rideshare driver, we also offer ongoing training, support, and data-driven feedback via your dedicated Member Success Representative. You also enjoy a growing array of member benefits including discounts from our partners.