Self-Employment Income Support Scheme Extended

The Self-Employment Income Support Scheme (SEISS) will be extended, with applications opening in August for a second and final grant.

• This second grant will operate in the same way as the first, with the grant paid out in a single instalment; and
• The grant will cover three months’ worth of average monthly profits.

The scheme enables self-employed individuals, or a member of a partnership, to claim a taxable grant worth:

• 70% of average monthly trading profits;
• Up to a maximum lump sum of £6,570.

Further details on the current Self-Employment Income Support Scheme (SEISS) can be found here.