This site uses cookies to improve your browsing experience and analyse use of our website. By clicking ‘I accept’ you agree and consent to our use of cookies. You can find out more about our cookies here. Find out more

Self Employed Income Support Scheme Extension (SEISS)

Chris Goodwin

The Government has also confirmed that there will be additional help for the self-employed during Lockdown 2.0. 

It had previously been announced that the grants for the self-employed would be based on 40% of previous qualifying earnings for the months of November, December and January. The November figure was then increased to 80%. It has now been confirmed that the self-employed will receive 80% of average trading profits for the entire three month period. This will increase the grant for the three months to a maximum of £7,500 made available to those who meet the eligibility requirements.

It has also been confirmed that the claims window for the grant is being brought forward from 14 December to 30 November to allow payments to be made more quickly. 

An additional second grant will be made available from 1 February 2021 to 30 April 2021. The level of this second grant amount is subject to review and will be set in due course.

Who can claim?

To be eligible for the grant extension, self-employed individuals, including members of partnerships, must:
Have been previously eligible for the Self-Employment Income Support Scheme first and second grant (although they do not have to have claimed the previous grants)

Declare that they intend to continue to trade and either:

Are currently actively trading but are impacted by reduced demand due to coronavirus

Were previously trading but are temporarily unable to do so due to coronavirus

The requirements to be ‘actively trading’ and ‘impacted by reduced demand’ are new terms and HMRC are expected to publish further guidance to clarify the meaning of these.

The phrase ‘impacted by reduced demand’ is likely to be defined narrowly.

You will be asked to declare that your business has been affected between 1 November 2020 and the date of your claim. HMRC will provide full details about claiming and applications in due course.