Second stage of support for self-employed goes live

The second stage of the Self Employment Income Support Scheme (SEISS) has opened for applications.

Those affected by the coronavirus will be able to claim a second payment of up to £6,570 from today.

It forms part of the Government’s drive to help the UK economy bounce back.

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Those eligible will now be able to receive a second and final grant worth 70% of their average monthly trading profits, with the money set to land in their bank accounts within six working days of making a claim.

Anyone whose self-employed business has been adversely affected by coronavirus since 14 July is eligible for the scheme.

Chancellor of the exchequer, Rishi Sunak, said: “Our self employment income support scheme has already helped millions of hard working people, whose get up and go drive is crucial to our economy.”

Adding: “It means that people’s livelihoods across the country will remain protected as we continue our economic recovery – helping them get back on their feet as we return to normal.”

HMRC will contact all potentially eligible customers to advise them that they can claim for a second and final SEISS grant.

The eligibility criteria remains the same as for the first grant, with people needing to have had trading profits of no more than £50,000, making up at least half of their total income.

Tags : chancellorself-employed
Alex Douglas

The author Alex Douglas

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