Self-Employment Income Support Scheme - Grant Extension

The Self-Employed Income Support Scheme has been extended. This will be available to eligible self-employed individuals who are still trading but facing reduced demand due to Coronavirus.

SEISS Eligibility Criteria

If you are self-employed (including members of partnerships) you must meet the following criteria to be eligible for the grant:

  • You must currently be eligible for the SEISS (although you do not have to have claimed the previous grants)
  • You must declare that you are currently actively trading and intend to continue to trade
  • You must declare that you are impacted by reduced demand due to COVID-19 in the qualifying period. The qualifying period for the first grant is between 1 November and the date of claim

What does the grant offer?

The SEISS Extension will last for six months, from November 2020 - April 2021. Two grants will be paid, each of which covers a three month period, the first from November - end January, the second from February - end April.

The Government will provide a taxable grant which will cover 20% of your average monthly trading profits. This grant is capped at a total of £1875, it will be paid in one lump sum, and it will cover 3 months worth of profit.

These grants are subject to Income Tax & National Insurance Contributions.

How to claim

Details about how to make the claim will be released by HMRC in due course.

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