Self Employed Income Support Scheme Extension
Update 23 october 2020
The Self Employed Income Support Scheme is being extended until 30 April 2021. As before this will be paid out in 2 grants, each of which will cover a three month period.
The eligibility criteria are slightly different to the earlier incarnation of this scheme. You must:
• be currently eligible
• be actively continuing to trade
• be subject to decreased demand due to Coronavirus
The first grant will cover the period of 1 November 2020 to 31 January 2021. It will pay 40% of previously average monthly earnings and will be capped at £3,750.
The second grant will cover the period of 1 February 2021 to 30 April 2021 but the government is yet to determine what level of support will be provided.
The government is yet to announce the dates from which applications can be made, or the date payment could be expected.
As with the earlier SEISS grants, we would advise clients to maintain a log of evidence of reduced demand. It should also be noted that increased costs do not constitute evidence in respect of the SEISS extension, although they did in the earlier SEISS grants.