29th May 2020 / COVID-19 Updates
Self-employed Income Support Scheme (SEISS) – update
Good news for the Self-Employed who have already made a claim and are still impacted by Covid-19, the Government has extended the Self-Employed Income Support Scheme. We've outlined the changes below;
- The scheme will remain open to cover a second claim for the months of June, July and August.
- The individual can make the second claim even if they did not make the first one.
- Individuals who have not made the first claim have until 13th July to do so.
- The claim portal will be open in August to make a claim. No specific date as yet has been provided.
- The claim will be based upon 70%, not 80% up to £6570 covering the 3 month period.
- The grant is taxable and should be reflected in the accounting period the grant is received.
- The criteria for the second claim is the same as the first one.
- Again, the individual has to make the claim.
- Further information will be released on 12th June.
The full details of the extension for the self-employed scheme are set out here:-
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