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Business Finance Update 13 August 2020

Self-Employment Income Support Scheme

Second Claim from Monday 17th August

If you are eligible to make a claim for the second and final SEISS grant you can do this from Monday 17 August.

The scheme was extended for those who have been adversely affected by Coronavirus on or after 14 July and will cover 70% of your average monthly trading profits (for 3 months) capped at £6,570.

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.

Although HMRC do not allow agents to make claims on behalf of their clients, please do let us know if you have any issues in making your claim.

Full details of the scheme can be found here:

https://www.gov.uk/guidance/claim-a-grant-through-the-coronavirus-covid-19-self-employment-income-support-scheme

As ever, your usual points of contact at Rayner Essex are here to discuss the issues with you and assist with exploring the way forward.