The Self-Employment Income Support Scheme has been Extended
This scheme has been extended, and you will be able to claim a second and final grant in August 2020.
Your eligibility will be worked out in the same way as the first grant. If you make a claim for the second grant you will have to confirm your business has been adversely affected by Coronavirus on or after 14 July 2020.
This grant will be a taxable grant worth 70% of your average monthly trading profits, paid out in a single instalment covering a further 3 months’ worth of profits, and capped at £6,570 in total.
You can claim for the second and final grant even if you did not make a claim for the first grant.
The online service for the second and final grant is not available yet, but we will post when it is.
For full Government Guidance, including the following, please see https://www.gov.uk/guidance/claim-a-grant-through-the-coronavirus-covid-19-self-employment-income-support-scheme :
- How to check your eligibility
- How the grant is calculated
- How to claim (Currently only live for the first scheme)
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