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Guidance on the final two self-employed grants

09.04.2021

Business

Additional help for the self-employed has been announced - with the final two income support grants available until the end of September 2021.


The fourth taxable grant available through the self-employed income support scheme (SEISS) covers a three-month period from 1 February to 30 April 2021.


As with two of the previous SEISS grants, the fourth grant is worth 80% of three months’ average trading profits - paid out in a single instalment of up to £7,500.

 

Claims for the fourth grant can be made towards the end of April.


The fifth grant covers May to 30 September 2021 - but the amount available depends on loss of
income. Workers whose turnover has fallen by at least 30% can still apply for a grant for up to 80% of profits - up to £7,500 in total.


Those whose income has fallen by less than that can apply for a grant of 30% of trading profits, up to a cap of £2,850. Claims for the fifth grant will open in July.


Around 600,000 people missed out on previous grants because they had recently started working for themselves and had not filed a tax return to prove their income status - but those who filed a 2019/20 tax return via self-assessment on or before the extended deadline on 2 March 2021 will be eligible for the new grants.

 

Contact Business Services  

 

Speak to our Business Services team on 01223 810100 - to check if are eligible for a grant through the self-employed income support scheme

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