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Self Employed Income Support scheme - second and final grant claims can be made from 17th August

Posted on 13 Aug 2020 by Alexis Outram - News

Coronavirus

The Self-Employed Income Support scheme (SEISS) has been extended. If you were eligible for the first grant and can confirm to HMRC that your business has been adversely affected on or after 14 July 2020, you’ll be able to make a claim for a second and final grant from 17 August 2020.

The scheme allows you to claim a second and final taxable grant worth 70% of your average monthly trading profits, paid out in a single instalment covering 3 months’ worth of profits, and capped at £6,570 in total.

As with the first grant, HMRC will contact you if you’re eligible.

You can make a claim for the second grant if you’re eligible, even if you did not make a claim for the first grant.

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