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Claims for the first Self-employment Income Support (SEISS) grant must be made by Monday 13 July.

 

  1. Deadline for Self Employment Income Support Claim
  • Businesses which have been adversely affected by Covid-19 and are eligible to make a claim under the first SEISS grant must do so by 13 July 2020.
  • This deadline will be rigidly enforced, and after that date you will only be able to make a claim under the grant scheme for the later, extended second qualifying period.

 

  1. Extension Of The Scheme – Am I Eligible?
  • The Support Scheme has been extended until 19 October 2020.
  • If you are eligible for the second and (announced to be the) final grant, you will be able to make a claim from 17 August 2020.
  • Eligibility is determined in the same way as the first grant, details of which can be found in the following link:

Check if you can claim a grant through the Self-Employment Income Support Scheme

  • You can validate your eligibility by using the following link:

https://www.tax.service.gov.uk/self-employment-support/enter-unique-taxpayer-reference

  • In order to qualify, your business must have been adversely affected by COVID-19 on or after 14 July 2020.
  • You can make a claim for the second grant if you are eligible even if you did not make a claim for the first grant.

 

  1. What Can I Claim?
  • The second grant claim is based upon a payment to you of 70% of your average monthly trading profits, and the claim will cover a 3 month period.
  • The maximum claim will be capped at £6,570 in total and will be paid out in a single instalment.
  • It should be noted that any funds received under the grant scheme are taxable.

 

  1. When Can I Claim?
  • The online service for the second and final grant is not available yet.
  • Claims will be open from 17 August 2020, most likely on a staged basis as per the first grant.
  • Applications close on 19 October 2020.

Barrons has put together a helpful guide to running your business during the coronavirus crisis.