Second Lump Sum Grant For Self Employed

HMRC have confirmed that the Self Employment Income Support Scheme ( SEISS ) will be extended. The eligibility criteria will remain the same but the grant will be 70% rather than 80% of average earnings for 3 months and the cap will be £6,570 down from the first grant cap of £7,500.

This is good news for the self employed, as more than 2.3 million individuals claimed a SEISS grant first time around.

The first claim period covered March to May, and the SEISS portal for this claim will close on 13th July. An individual does not need to have claimed the first grant to be eligible for the second grant.

Applications for the second grant will open in August, and HMRC expect to publish further guidance on 12th June.

Write a Comment

Your email address will not be published. Required fields are marked *