Government extends SEISS

Back in May the government announced that it would once again offer help to the self-employed work force. Eligible workers will be able to claim a second and final grant, worth 70% of average monthly profits over the last 3 years, for three months. This grant will be capped at £6570.

If you are eligible for the second and final grant, and your business has been adversely affected on or after 14th July 2020 you’ll be able to make a claim from 17th August 2020. 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.

Am I Eligible For the Second Grant?

The government has stated that you are only eligible for the second grant if your business has been adversely affected by COVID-19 after 14th July. But what does this mean? A business has been adversely affected if:

• you’re unable to work because you:

• are shielding

• are self-isolating

• are on sick leave because of coronavirus

• have caring responsibilities because of coronavirus

• you’ve had to scale down, temporarily stop trading or incurred additional costs because:

• your supply chain has been interrupted

• you have fewer or no customers or clients

• your staff are unable to come in to work

• one or more of your contracts have been cancelled

• you had to buy protective equipment so you could trade following social distancing rules

For more info or to make your claim visit

https://www.gov.uk/guidance/claim-a-grant-through-the-coronavirus-covid-19-self-employment-income-support-scheme#check