HM Revenue and Customs (HMRC) have announced that from 17 August 2020 the second and final grant of the Self Employed Income Support Scheme (SEISS) can be claimed if your business has been adversely affected on or after 14 July 2020. It is possible to claim for the second grant even if you did not claim for the first grant. The claim is worth 70% of average monthly trading profits and will be paid out in a single installment capped at £6,570. While eligibility for the second grant is the same as the first grant, it is a separate claim and you will have to confirm that your business has been adversely affected by COVID-19 on after 14 July 2020.
The following guidance has been provided by HMRC of what they consider to be factors that may have adversely affected your business by COVID-19:
- You are self isolating
- You are shielding
- You are on sick leave due to COVID-19
- You have caring responsibilities of COVID-19
- You have had to scale down or temporarily stop trading because your supply chain has been interrupted
- You have fewer or no customers/clients
- Your staff are unable to come to work
Please click here to view our step by step guide to checking your eligibility.
HMRC have also announced that if you have made a claim in error, you received more money than you are entitled to, or if you wish to make a voluntary repayment, you can do so through the government portal.
Please contact our tax team if you have any questions regarding SEISS or any other issues.