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*COVID-19 update: Many of our shops and offices are now open for face to face meetings with strict social distancing measures in place. We also offer telephone and video consultations for all new clients in order to discuss your needs. Find the latest COVID-19 information available for your business.

Self Employment Grant Calculator

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.

To help you understand what is available to you and access the money you need to see you through this challenging time, we’re offering FREE telephone or video consultations. Call us today on 020 8883 5258 or enquire online.


Are you eligible for the second SEISS grant?

In order to be eligible for the second grant under the Government’s Income Support Scheme you must:

  • Have traded in the tax year 2018/19 and submitted your Self Assessment tax return on or before 23 April 2020 for that year
  • Have traded in the tax year 2019/20
  • Be trading when you apply, or would be except for COVID-19
  • Intend to continue to trade in the tax year 2020/21
  • Carry on a trade which has been adversely affected by COVID-19
  • Confirm that your business continues to be adversely affected by COVID-19 on or after 14th July 2020.

Your trading profits must also be no more than £50,000 and more than half of your total income for either:

  • the tax year 2018/ 2019
  • the average of the tax years 2016/2017, 2017/ 2018, and 2018/2019

* 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.

Grant Estimator Tool

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.

Disclaimers:

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.

How we can help you

For more information about the Government’s income support measures for the self-employed, contact our team for your free, no obligation telephone or video consultation. Call us today on 020 8883 5258 or enquire online.

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

Call us today to make an appointment with your local office

Consultations available by telephone or video

020 8883 5258

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