Self-Employment Income Support Scheme (SEISS) | UK-wide
Grants to self-employed individuals whose businesses have been adversely affected by coronavirus. The first grant closed on 13 July 2020. The second grant closed on 19 October 2020. The scheme is now being extended from 1 November 2020.
To be eligible for the Grant Extension self-employed individuals, including members of partnerships, must:
- have been previously eligible for the Self-Employment Income Support Scheme first and second grant (although they do not have to have claimed the previous grants)
- declare that they intend to continue to trade and either:
- are currently actively trading but are impacted by reduced demand due to coronavirus
- were previously trading but are temporarily unable to do so due to coronavirus
The extension will last for six months, from November 2020 to April 2021. Grants will be paid in two lump sum instalments each covering a three-month period:
- The first grant will cover a three-month period from 1 November 2020 until 31 January 2021. The government will provide a taxable grant covering 40 per cent of average monthly trading profits, paid out in a single instalment covering 3 months' worth of profits, and capped at £3,750 in total.
- The second grant will cover a three-month period from 1 February 2021 until 30 April 2021. The government will review the level of the second grant and set this in due course.
The grants are taxable income and also subject to National Insurance contributions.
How to claim
HMRC will provide full details about claiming and applications in due course.