Self Employment Income Support (SEISS) Grant Extension

If you’re self employed or a member in a partnership, you may be able to utilise the extension provided to the Self Employment Income Support Grant. The extension is intended to support businesses who are experiencing reduced demand due to Covid between 1 November 2020 and 30 April 2021.

Who can claim?

  • You must have been eligible for the first and second SEISS grants
  • Are actively continuing to trade
  • Are facing reduced demand due to the coronavirus at some point between the start of the extension and the date of the claim

What period does the claim relate to?

The business must be adversely affected by reduced demand at some point between 1 November 2020 and the date of the claim.

When can I make a claim?

Grants will be paid in two lump sums each covering a three month period. The first period will cover November 2020, December 2020 and January 2021. The second period will cover February, March and April 2021. HMRC will provide further guidance in due course.

How much can I claim?

As with the previous grants, it is likely that HMRC will work out the value of the claim themselves. The third grant covering the period from the start of November to the end January will cover 20 per cent of average monthly profits, capped at £1,875 in total.

There has been no announcement yet on the level of support for the second quarter of the grant extension.

How can I claim?

HMRC will provide further details in due course.

Are the grant extension payments taxable?

As with the previous grant support packages, HMRC confirmed that the payments under the grant extension scheme will be subject to tax and national insurance contributions.

This measure is part of the Winter Economy Plan announced by the Chancellor on 24 September 2020.

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