We have provided an easy to use calculator designed to help you estimate the second grant that may be available to you under the Self-Employment Income Support Scheme (SEISS). Scroll down to access our handy tool.
Back in May, the Government announced that a second grant would be available under the Self-employment Income Support Scheme. This grant covers the period from June to August 2020 and will be available to claim from 17th August.
In addition to the calculator below, we have detailed all of the financial support available to the Self Employed here.
In order to be eligible for the second grant under the Government’s Income Support Scheme you must:
Your trading profits must also be no more than £50,000 and more than half of your total income for either:
* If your tax year 2018/19 was impacted by the birth of a new child, then you may still be eligible to claim – please seek advice if you are unsure.
This easy to use tool is designed to give you an indication of how much you may be able to claim.
How to use our calculator
You will need to obtain information from your filed tax returns for 2018/19, 2017/18 and 2016/17 to estimate your grant.
Leave blank any years during which you were not self-employed.
If you made a loss in any of the years then please enter a minus before the amount.
Before using this tool please see our disclaimers below.
Please review the eligibility criteria above before using this tool. Due to the complexities of every individual’s taxation needs, this tool should only be used for estimations.
The information shared here is intended to inform rather than advise. Taxpayer’s circumstances do vary and if you feel that the information provided is beneficial it is important that you contact us before implementation. If you take, or do not take action as a result of reading this information, before receiving our written endorsement, we will accept no responsibility for any financial loss incurred.
When applying for Government support, we urge all our clients to be wary of the coronavirus scams targeting businesses and individuals.
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