Am I right in thinking if the payments to the self-employed and this is based on profit, those that did a lot of cash jobs and didn’t declare it will be getting a lot less than they expected.
So for example your annual average profit is £24'000 you get 80% of your monthly average profit which would be £1600 and its paid for 3 months as a lump sum so that would be £4800.
It is though taxable so I assume when you fill out your 2020/21 tax return you will be required to declare it as an income.
The inland revenue will contact us direct and you will be required to fill in an application form presumably online.it could be as late as June before the grant is paid
That's how I see it anyway