Good news for many of our clients: there will be a second tranche to the Self-Employment Income Support Scheme (SEISS).  The eligibility criteria are exactly the same as the first grant.  The amount this time, however, will be based on 70% of average monthly trading profits, rather than 80%, covering a further three months.  The amount will be capped at £6,570.  This second and final grant will be available in August.

Important:  There was previously no deadline stated for the first SEISS grant.  Now there is one; it is 13 July 2020.  Don’t miss out!  Double check here: https://www.tax.service.gov.uk/self-employment-support/enter-unique-taxpayer-reference

This link is the official guidance and also provides links to other governmental support such as Universal Credit: https://www.gov.uk/guidance/claim-a-grant-through-the-coronavirus-covid-19-self-employment-income-support-scheme