Hold onto your masks!  More updates/revisions/U-turns!  As quickly as I’m blogging the guidance is changing.  As at the end of 2 November 2020 this is what the third Self-Employment Income Support Scheme (SEISS) grant is going to look like:

  1. The third SEISS grant = first SEISS grant extension
  2. The amount is to be 55% of average monthly profits for three months capped at £5,160 (55% = 80% for November, 40% for December and January)
  3. Covers the period 1 November 2020 to 31 January 2021
  4. Available from 30 November 2020

Claimants must have been eligible to claim the first and second SEISS grants and intend to continue trading but are:

  • either actively trading but are impacted by reduced demand due to coronavirus,
  • or were previously trading but are temporarily unable to do so because of coronavirus.

Information on the fourth SEISS grant (or second SEISS grant extension) to be set in due course.