From today (17th August), eligible self-employed individuals will be able to claim for their second grant under the Self-Employment Income Support Scheme (SEISS).
If you are self-employed or member of a partnership, and you were eligible for the first grant and can confirm to HMRC that your business has been adversely affected on or after 14th July 2020, you will be able to make a claim for a second and final grant from today.
Directors of limited companies and the newly self-employed (2019/20+) are unfortunately not eligible for SEISS.
If eligible, the scheme allows you to claim a second and final taxable grant worth 70% of your average monthly trading profits, paid out in a single instalment covering 3 months’ worth of profits, and capped at £6,570 in total.
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. You must make your claim on or before 19th October 2020.
As with the first grant, HMRC are opening the application process in stages over the next week.
You can check if you can claim a grant through the Self-Employment Income Support Scheme, and your individual application date by visiting: https://www.gov.uk/guidance/claim-a-grant-through-the-coronavirus-covid-19-self-employment-income-support-scheme
Although we cannot make the application for you, we can talk you through the process and help you with the information you need to enter for the grant application. Please drop us a line and we will be pleased to help.