As you may already be aware, yesterday the scheme opened for the second self-employed income support scheme grant. You will be given your allocated date when logging in via your government gateway and you can claim any time between you allocated date and the 19 October 2020.
The eligibility criteria for the second grant is exactly the same as the first grant- so self-employed people who were eligible for the first SEISS grant will be eligible for the second grant, so long as their business has been adversely affected since 14 July 2020. This typically means that your business has experienced lower income and or higher costs because or the coronavirus (COVID-19) since 14 July. There is no minimum threshold over which a business’s income, costs or activity need to have change by, but you must keep appropriate records as evidence of how their business has been adversely affected.
The second taxable grant is worth 70% of average monthly trading profits, a reduction from the 80% available under the first grant. This will be paid out in a single instalment and will be based on three months’ worth of trading profits and capped at a maximum of £6,570.
Eligible Parents
Self-employed parents whose income may have been affected if they took time out to have children will also now be able to claim if they meet the eligibility criteria. There’s more information for new parents, including an online form on GOV.UK
We would like to remind you that we cannot make a claim on your behalf. Applying online is the quickest and easiest way. Once you have completed your claim, payment will be received within 6 working days.
If you have any questions or require help/support, feel free to contact the office.