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Self employment grant update

dunoonhotel • Aug 18, 2020

Changes to the self-employment grant

NEWSFLASH

Self-Employed Income Support Scheme Re-Opens

The scheme has been extended.

If you were eligible for the first grant and can confirm to HMRC that
your business has been adversely affected on or after 14 July 2020,
you’ll be able to make a claim for a second and final grant from 17
August 2020.

The scheme allows you to claim a second and final taxable grant worth
70% of your average monthly trading profits, paid out in a single
instalment covering 3 months’ worth of profits, and capped at £6,570
in total.

As with the first grant HMRC will contact you if you’re eligible.

They will work out your eligibility for the second grant in the same way
as the first grant.

You can make a claim for the second grant if you’re eligible, even if
you did not make a claim for the first grant.

For further information on the Self Employment Support Scheme please

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