Skip to main content Skip to search

Income Support Scheme for Self-Employed

Last Updated on 2nd November 2020 by Admin

SEISS has been extended for 6 months to April 2021. The grant is available to those self-employed:

  • Already eligible under SEISS (even if they have not claimed in the past).
  • Actively continuing to trade.
  • Facing reduced demand due to COVID-19.
  • There will be a grant covering the period from 1st November 2020 to 31st January 2021. There will be a further grant covering the period from 1st February 2021 to 30th April 2021.
  • Each grant will cover 40% of average monthly trading profits, capped at £3,750 in total.

Phase 2

Last Updated on 14th September 2020 by Admin

For millions of the self-employed without work or running a business impacted by lockdown the government has provided aid from the Self Employment Income Support Scheme (SEISS).

This was distributed as a grant up to £7,500 or 80% of average trading profits for the tax years 2016/17 to 2018/19, and was available for three months trading for applications made before 13th July 2020. Payments made during the first SEISS grant totalled £7.8bn to 2.7m people.

When can I claim the second grant?

A second grant is available if your business has been affected after 14th July 2020, claims can be filed up to the 19th October 2020.

The second grant is lower, up to £6,570 or 70% of profits for the tax years 2016/17 to 2018/19, for 3 months trading. Funds will be in the claimant’s bank within 6 working days after filing a claim.

Who is qualified to claim?

Self-employed individuals who will continue to work as self-employed during the 2020/21 tax year and were self-employed in the 2019/20 tax year and have filed their 2018/19 Self-Assessment Tax Return.

Claimants need to have average profits no greater than £50,000 with more than 50% of their income from their self-employed trade and be able to make a declaration that their business was adversely affected by Covid-19.

How to apply

You will need your UK bank account details, the address associated with your account, Self-Assessment Unique Taxpayer Reference (UTR), National Insurance number (NINO) and your Government Gateway user ID and password to log in to the claims portal,

A fraud alert can be triggered if an advisor or accountant files the claim so you will to to file the claim personally.

Will tax be deducted from the grant?

Yes, the grant must be declared in your 2020/21 Self Assessment Tax Return and income tax will be deducted, the grant is also subject to self-employment National Insurance Contributions for the tax year.

There are further details from the government website at the link below,

If you need any help with determining if you are eligible to claim please call us on 01904 404560 or email