-Self-employed people will be able to apply for a taxable grant to cover 80% of average monthly profits over the last three years
-Support will be capped at £2,500 per month, available to those with with a trading profit of less than £50,000 last year
-More than half of a claimant's income needs to come from self-employment, and they must have a tax return for last year
Therefore, is the following conclusion correct?
Sole trader profits 2018/19 <£50k
Average sole trader profits last 3 years >£50k, but still qualifies for £2,500/month grant?