This week HMRC are writing to the self-employed who are eligible and the claims will open on 17th August until it closes on the 19th October.
As per HMRC “the eligibility criteria for the second grant is exactly the same as the first grant – so self-employed people who were eligible for the first SEISS grant will be eligible for the second grant, so long as their business has been adversely affected since 14 July 2020. This typically means that their business has experienced lower income and / or higher costs because of coronavirus (COVID-19) since 14 July. There is no minimum threshold over which a business’s income, costs or activity need to have changed by, but your clients will be asked to keep appropriate records as evidence of how their business has been adversely affected”.
The second grant remains taxable like the first, and this time is 70% of average monthly trading profits, capped at a maximum of £6,570, compared to 80% under the first grant. Like the first grant however three months’ worth will be paid in one lump sum, with payments expected to be received within a few days of applying online.
For further details on the eligibility on who can claim please use the following link. The how to claim section will be updated on 17th August when the system goes live.
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