Second Self-Employment Income Support Grant
The second Self Employment Income Support Grant scheme was opened from 17 August 2020 and those eligible should have received a date from HMRC on when you can make a claim. You can claim any time between your allocated date and 19 October 2020.
The eligibility criteria for the second grant is exactly the same as the first grant – so self-employed people who were eligible for the first SEISS grant will be eligible for the second grant, so long as their business has been adversely affected since 14 July 2020. This typically means that your business must have experienced lower income and / or higher costs because of coronavirus (COVID-19) since 14 July.
There is no minimum threshold over which a business’s income, costs or activity need to have changed by, but you are being asked to keep appropriate records as evidence of how your business has been adversely affected.
The second taxable grant is worth 70% of average monthly trading profits, a reduction from the 80% available under the first grant. This will be paid out in a single instalment and will be based on three months’ worth of trading profits and capped at a maximum of £6,570.
