In a recent statement the Chancellor confirmed his intentions to extend the Self-Employment Income Support Scheme (SEISS) claim period.
The Chancellor confirmed that an individual does not need to have claimed the grant under the first round of SEISS claims in order to be eligible for a grant under the second round of support. If you were not affected by the coronavirus outbreak in the first phase of support, you still qualify to receive the second round of SEISS grants.
One key difference between the SEISS scheme and the furlough scheme for employers, is that unlike with the furlough scheme, you are allowed to do work and still potentially claim the SEISS grant.
We are expecting additional guidelines for the second phase of the SEISS scheme to be issued soon. If you would like to be kept up to date about the Self-employed Support schemes, register for our newsletter here.
For our latest COVID-19 news and guidance for your business, visit our dedicated Coronavirus Hub.
We will be updating it regularly as we continue to monitor and digest all the latest information
Last updated: 5th June 2020This article is intended to inform rather than advise and is based on legislation and practice at the time. 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 article, before receiving our written endorsement, we will accept no responsibility for any financial loss incurred.