Self Employed Income Support Scheme (SEISS) Upate

The Chancellor, Rishi Sunak, has just announced changes to the Self Employed Income Support Scheme for those whose trade continues to be adversely affected by Covid-19.

Eligible self-employed people will be able to claim a second and final SEISS grant in August; this will be a taxable grant worth 70% of their average monthly trading profits for three months, paid out in a single instalment and capped at £6,570 in total.

The eligibility criteria for the second grant will be the same as for the first grant. People do not need to have claimed the first grant to claim the second grant: for example, their business may have been adversely affected by COVID-19 (coronavirus) more recently.

Claims for the first SEISS grant, which opened on 13‌‌ May, must be made no later than 13‌‌ July. More information about the second SEISS grant will be available on GOV.‌‌UK on 12‌‌ June.

More details are available via the Gov.uk website.