Self-employed income support scheme

SEISS revision: 22/10/20

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The SEISS was originally capped at 20% of profits to a maximum of £1,875. The revision to this support increases the amount of profits covered to 40%, meaning the maximum grant will increase from £1,875 to £3,750.

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Third and fourth grants update

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Further grants will become available in November and February, capped at 40% of profits to a maximum of £3,750 (this was raised from 20% in a previous announcement).

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More information to follow on the fourth grant will be published as soon as it is announced..

The first and second grant applications have now closed.

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SEISS guidelines

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• The government will provide two taxable SEISS grants to support those experiencing reduced demand due to COVID-19 but are continuing to trade, or temporarily cannot trade.

• It will be available to anyone who was previously eligible for the SEISS grant one and grant two, and meets the eligibility criteria.

• Grants will be paid in two lump sum instalments each covering 3 months. The first grant will cover a three-month period from the start of November 2020 until the end of January 2021. The government will pay a taxable grant which is calculated based on 40% of three months’ average trading profits, paid out in a single instalment and capped at £3,750.

• The second grant will cover a three-month period from the start of February until the end of April 2021. The government will review the level of the second grant and set this in due course.