Tuesday 18th August - Self Employed Income Support Grant

 Hello Everyone

 

Happy Tuesday update… hope your week is going well.

 

Today is all about the Self Employed Income Support Scheme grant.

 

So, if you are self employed the second SEISS grant is now open for claims.  You can make a claim even if you didn’t claim the first grant.

 

HMRC will be in touch to let you know if they think you are eligible.  They are also staggering the dates you can apply from to help manage the number of people using their website at any one time.

 

You can check whether you are eligible by following this link:

 

https://www.gov.uk/guidance/claim-a-grant-through-the-self-employment-income-support-scheme

 

You’ll need your Unique Taxpayer Reference (UTR) and your National Insurance Number.

 

If you use this link to check whether you can claim you’ll also be advised the day you can enter your claim from.

 

I entered details for a friend this morning and the date she could claim from was 20^th August.

 

Remember – you must have been adversely affected by the pandemic on or after 14^th July – although that doesn’t mean all your work must have dried up.  It could be that sales have dropped or costs have increased.

 

The grant is capped at £6,570.  The amount is calculated as three times average monthly profits, based on profits in 2016/2017, 2017/2018 and 2018/2019… or the average of as many years as you have been self employed.

 

You must have submitted your 2018/2019 self assessment tax return.

 

Once your claim has been accepted payments will be made directly to a UK bank account within six working days.

 

Finally, you have until 19^th October to make your claim.

 

We can’t make these claims on your behalf – but if you have any questions please do get in touch – happy to answer any questions you have.

 

See you all very soon.

 

Rowena