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COVID-19 – Self-Employment Income Support Scheme (SEISS) Amendments

The Chancellor has announced plans to extend the SEISS for those people whose trade continues to be, or is newly, adversely affected by COVID-19.

Eligible self-employed people will be able to claim a second and final SEISS grant in August; this will be a taxable grant worth 70% of their average monthly trading profits for three months, paid out in a single instalment and capped at £6,570 in total.

The eligibility criteria for the second grant will be the same as for the first grant. You do not need to have claimed the first grant to claim the second grant: for example, if your business has been adversely affected by COVID-19 more recently.

As with the first SEISS grant gbac cannot as agents apply for the grant on your behalf. We are, as always, here to help you and can carry out the eligibility check if required and also review the figures calculated by HMRC.

We will send further updates as soon as we have more information, but please do not hesitate to contact us if you have any questions.