Important dates for the Self-Employed

Jul 1, 2020

The Self-Employment Income Support Scheme (SEISS) is a Government grant scheme to help self-employed people whose businesses have been adversely affected by COVID-19. The scheme is made up of two grants.

The first grant opened in May 2020 covering the period March, April and May and is worth 80% of profits, capped at £2500 per month or £7500 in total. The first scheme will close on 13 July 2020, so if your self-employed income was affected by coronavirus in the 3 months to 31 May 2020 you’ll need to apply for this grant by the deadline date. For the eligibility criteria and more details of the first grant, please refer to our website or click here to see the government guidance.

A second (and final) SEISS will be open to apply for in August 2020. It will work exactly the same as the first scheme with the eligibility criteria being no different. However, unlike the first grant which referred to a 3 month period, this time you simply need to confirm that your business has been adversely affected by the coronavirus on or after 14 July 2020. The second grant will only be worth 70% of average monthly trading profits and will be capped at £2190 per month or £6570 in total. You don’t need to have claimed the first grant to receive the second grant.

If you have any questions about SEISS then please do not hesitate to contact us. Alternatively you can refer to the full government guidance here.

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