Self-Employment Income Support Scheme 2
The second stage of Self Employment Income Support Scheme (SEISS) opened for applications on 17 August 2020 and those eligible will receive a government grant worth up to £6,570.
Those eligible will now be able to receive a second and final grant worth 70% of their average monthly trading profits, with the money set to land in bank accounts within six working days of making a claim.
Anyone whose self-employed business has been adversely affected by coronavirus since 14 July is eligible for the scheme.
HMRC will contact all potentially eligible customers to advise them that they can claim for a second and final SEISS grant.
The eligibility criteria remains the same as for the first grant, with people needing to have had trading profits of no more than £50,000, making up at least half of their total income.
Guidance on how the grant works can be found here.
Eligible customers will be informed that they will be able to make their claim for the second and final grant at any time from a specified date, until the scheme closes on 19 October 2020.