Self-Employed Income Support Scheme (SEISS) Extended

Written by yasiradnan94
7 October 2020

On 23 September 2020,  the Chancellor announced that self-employed individuals and members of partnerships who are eligible for the SEISS, and who are actively continuing to trade but are experiencing reduced demand due to Covid-19, will be eligible for a further SEISS grant to provide support over the winter months.

Grants will be paid in two lump-sum instalments each covering three months. The first grant will cover a three-month period from 1st November 2020 until the end of January 2021. It will be a taxable grant to cover 20 per cent of average monthly trading profits, and capped at £1,875 in total.

Eligibility criteria are that individuals must;

  • currently be eligible for the the Self-Employment Income Support Scheme (although they do not have to have claimed the previous grants)
  • declare that they are currently actively trading and intend to continue to trade
  • declare that they are impacted by reduced demand due to Covid-19 in the qualifying period (between 1 November and the date of claim)

An additional second grant, which may be adjusted to respond to changing circumstances, will be available for self-employed individuals to cover the period from February 2021 to the end of April 2021.

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