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