Written 17 December 2020
Self-Employment Income Support Scheme Grant Extension (SEISS)
SEISS is available in the form of two further grants, each available for three-month periods covering November 2020 to January 2021 and February 2021 to April 2021.
To be eligible for the grant extension, self-employed individuals, including member of partnerships, must:
- have been previously eligible for the Self-Employment Income Support Scheme first and second grant (although they do not have to have claimed the previous grants)
- declare that they intend to continue to trade and either:
1. are currently actively trading but are impacted by reduced demand
2. were previously trading but are temporarily unable to do so.
The extension will last for 6 months, from November 2020 to April 2021. Grants will be paid in two lump sum instalments, each covering a three-month period. The third grant will cover a three-month period from 1 November 2020 until 31 January 2021. The Government will provide a taxable grant calculated at 80% of three months average monthly trading profits, paid out in a single instalment and capped at £7,500 in total.
Take care, stay safe.
#TeamWaltons
