The Government has again increased their support for self-employed workers! They have increased the Self-Employment Income Support Scheme grant from 40% to 80% of their average monthly profits.
The first grant covers 3 months (November, December & January) and was previously capped at £3,750, this has now been increased to £7,500.
Are you eligible?
HMRC will calculate how much you are entitled to by looking at your profits in the last 3 years. If you have only been trading for 2 they will take the average of your last 2 years.
How do you claim?
You will be able to claim from the 30th November 2020 until 29th January 2021 through the gov.uk website.
To claim you will need:
When will your money come through?
Within 6 working days or your grant being approved.
Keep an eye on this page. We will be updating our blog with more information on the SEISS as it is released!