Coronavirus – Second grant for self-employed taxi drivers UK INSURANCE

The corona virus pandemic has fundamentally changed our entire daily lives. While health was the primary concern of everyone during these anxious months, it was equally important for the self-employed to get back to work.

We know that many Patons customers found our blog post about the government’s SEISS (Self-Employment Income Support Scheme) program very helpful. Did you know, however, that applications for a second grant will be made on Monday, August 17th?

What do I have to know?

Latest figures show that 2.7 million applications worth more than £ 7.7 billion have been made to grant one.

While this works the same way, this time around the payouts are based on 70% of your average monthly trading profit paid out in a lump sum, albeit limited to £ 2,190 per month or a total of £ 6,570.

You may not have applied for the first grant to receive the second, but you must demonstrate that your company was affected by Coronavirus on or after July 14, 2020 to apply.

What do I have to do?

To make a claim through SEISS, you need the following:

  • Self-assessment Unique Taxpayer Reference (UTR)
  • National insurance number
  • Government Gateway User ID and Password – If you don’t have a user ID, you can create one if you make a claim
  • UK Bank Details – Payments are made through Bacs, including
    Sort code
    Name on the account
    Your address is linked to your bank account

HMRC will contact you directly if you are eligible but would like to request an online visit

Do you need an insurance offer?

As restrictions gradually ease and businesses, pubs, and airports across the country resume, busy taxi drivers are becoming a familiar sight all over our streets.

If your policy expired during the suspension or you want to get your taxi back on the road quickly, contact Patons now for a quote.

Plan ahead with Patons.

If you have any further questions about Patons taxi insurance, feel free to contact our team or fill out our new offer form today.

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