Newsletter Autumn 2020

Second SEISS grant

Don’t forget to apply for the second Self-Employed Income Support Scheme (SEISS) grant, if your business has been adversely affected by the COVID-19 crisis on or after 14 July. Applications will close on 19 October 2020, so don’t delay!

You will be eligible to claim this grant if all of the following apply:

The three-month grant will be paid at the rate of 70% of your average annual profits for 2016/17 to 2018/19, capped at £6,570 for the three-month period.

If you missed applying for the first SEISS grant between 13 May and 13 July 2020, you can still apply for this second grant. Unfortunately, we can’t apply for the grant on your behalf, you need to do this personally.

Go to the website and search for “claim SEISS” - it should be the top result. You will need your:

The “adversely affected” condition is not as difficult to meet as it sounds, as any of the following would allow your business to qualify, if they occurred as a result of coronavirus:

You can still claim the SEISS grant even if your business recovers after the above difficulties have been experienced. Note also that you don’t have to quantify what your lost profits are, as the grant calculation is based on previous years’ profits.

On 24 September, the Chancellor indicated that further grants will be made available to the self-employed, but these will be much less generous, as noted in New Business-Support Measures.