0

Self-employment Income Support Scheme

The Self-employment Income Support Scheme (SEISS) will support self-employed individuals (including members of partnerships) whose income has been negatively impacted by COVID-19. The scheme will provide a grant to self-employed individuals or partnerships, worth 80% of their profits up to a cap of £2,500 per month.

HMRC will use the average profits from tax returns in 2016-17, 2017-18 and 2018-19 to calculate the size of the grant. The scheme will be open to those where the majority of their income comes from self-employment and who have profits of less than £50,000.

Applications for the second and final grant are now open. If you’re eligible and your business has been adversely affected on or after 14 July 2020, you must make your claim for the second grant on or before 19 October 2020. You can submit your claim on the Government portal via this link https://www.gov.uk/guidance/claim-a-grant-through-the-coronavirus-covid-19-self-employment-income-support-scheme#check.

Am I eligible?

You can use the Government's online eligibility checker tool via this link to check your eligibility https://www.gov.uk/guidance/claim-a-grant-through-the-coronavirus-covid-19-self-employment-income-support-scheme#check. To be eligible for the scheme you must meet all the criteria below:

How do I access it?

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

HMRC are publishing guidance on the scheme, available on this webpage https://www.gov.uk/guidance/claim-a-grant-through-the-coronavirus-covid-19-self-employment-income-support-scheme

For further information on the full range of business support measures which have been made available to UK businesses, visit the government's Business Support website via this link https://www.gov.uk/coronavirus/business-support or use the Business Support Finder tool which you can access via this link https://www.gov.uk/business-coronavirus-support-finder.