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SEIS

Tomorrow (13th May 2020) the Self-employment Income Support Scheme (SEISS) goes live, with potential claimants being able to check their eligibility online.

If you’re self-employed or a member of a partnership and have been adversely affected by coronavirus (COVID-19) visit the link below to find out if you can use this scheme to claim a grant.

At the beginning of May the government set up the SEISS Scheme to help support self-employed workers who’ve been unable to work during the coronavirus lockdown.

The government will give grants worth 80% of total profits, up to £2,500 a month.

SEISS can be backdated to cover March, April and May meaning you could claim up to £7,500.

Who is eligible for SEISS?

Self-employed workers can apply if their business has been affected by coronavirus and they:

  • Traded in the tax year 2019 to 2020 and intend to continue trading.
  • Earn at least half of their income through self-employment.
  • Have trading profits of no more than £50,000 per year.
  • Traded in the tax year 2018 to 2019 and submitted their self-assessment tax return on or before April 23 2020 for that year.

See here for more details of the scheme: https://www.gov.uk/government/news/self-employed-invited-to-get-ready-to-make-their-claims-for-coronavirus-covid-19-support

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