The Government announced that from July 2020 anyone whose self-employed business has been adversely affected by coronavirus since 14 July is eligible for a self employment grant.
The second and final taxable grant is worth 70% of your average monthly trading profits, paid out in a single instalment covering 3 months’ worth of profits, and capped at £6,570 in total.
HMRC will contact all potentially eligible customers to advise them that they can claim for a second and final SEISS grant, with the eligibility criteria remaining the same as the first grant, with people needing to have had trading profits of no more than £50,000. If you received the first grant then you should also be eligible to receive the second grant.
If you receive the grant you can:
– Continue to work
– Start a new trade or take on other employment including voluntary work and duties as a military reservist~
The grant does not need to be repaid.