News

Self employed people are now able to make a second grant claim as part of the Government’s coronavirus support package.

The grant, worth up to £6,570, is aimed at helping those who work for themselves but have seen their work negatively impacted by the pandemic.

If you were eligible for the first grant and can confirm to HMRC that your business has been adversely affected on or after 14 July 2020, you can now make a claim for a second and final grant from today (17 August 2020). 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.

The Self Employed Income Support Scheme (SEISS), which was introduced in April 2020, aimed to support people who work for themselves. It allows eligible claimants to receive a final taxable grant worth 70% of your average monthly trading profits, paid out in a single instalment covering three months’ worth of profits, and capped at £6,570 in total. This is down from the 80% offered under the first SEISS earlier this year.

Alison Welton, Managing Partner at David Allen Chartered Accountants said: “We have seen hundreds of clients benefit from the grant already this year, after their business suffered due to the lockdown which was imposed across the country.

“The last few months have been a difficult time for many self employed people who are still seeing those impacts despite restrictions being slowly eased. The grant will go some way to supporting them through this in the same way the furlough scheme has supported employed people.”

The closing date for the second window is 19 October 2020.

If you are self employed and need any advice and support, please speak to one of the team at David Allen to see how they can help you and your business.