How will the government help freelancers? The ANNA guide.

27 March, 2020 · 2 min read

The Coronavirus pandemic has made life very difficult for freelancers and sole traders – but the government is stepping in with the Coronavirus (Covid-19) Self-employment Income Support Scheme to help you out. ANNA is showing you what’s on offer, and what you need to do next.

Sticky block phone
Open a business account with ANNA and get your taxes sorted
With ANNA you get a debit card, automated bookkeeping, a personal payment link, 1% cashback and 24/7 customer support

I’m a freelancer! What do I need to do?

First things first – right now you don’t have to do anything. You can’t apply yet, but HMRC will get in touch with you if you’re eligible and invite you to apply online.

Once HMRC have received your claim (and if you’re eligible for the grant) they’ll tell you how much you’ll get and provide payment details.

Ok. What help do I get?

The scheme lets you claim a taxable grant worth 80% of your average trading profits – up to £2500 a month, for the next three months, although the scheme may be extended.

Am I eligible?

You’ll be eligible if you tick all these boxes:
• You’re self-employed or a member of a partnership.
• You’ve filed your Tax Self-Assessment tax return for 2018-19. If you haven’t submitted your 2018-19 tax return you need to do it by 23 April 2020.
• You need to have traded in 2019-20 and intend to keep trading in 2020-21. You also need to be trading when you apply, or show you would be trading except for Covid-19.
• You’ve lost profits due to Covid-19.

Keeping you up-to-date

Because these are such unpredictable times, the government is creating and revising new schemes all the time. So if anything we’ve written about changes, or new measures come in, we’ll update this guide to make sure you’re all clued up

Open a business account in minutes

Take the load off with ANNA, the business current account that sorts your invoices and expenses.
Enter your mobile number
Get a business account and a debit card that miaows
We create, send and chase up your invoices
We snap and sort your business expenses
Never miss a deadline, with handy tax reminders
Are you okay with optional cookies?
Are you okay with optional cookies?
Cookies help us give you a better experience and improve how we talk about our products.
Learn more or customise your cookie settings.