The Chancellor has today announced increased support available for the Self-Employed under the Self-Employment Income Support Scheme (SEISS). There are two further grants available under this scheme, covering the periods November 2020 to January 2021 and February 2021 to April 2021. The grant for the period November 2020 to January 2021 has been increased from 55% of average profits to 80%, up to a maximum of £7,500. This will be available to individuals who were previously eligible for the SEISS (although they do not have to have claimed the previous grants) and are either continuing to actively trade but face reduced demand due to the pandemic, or are temporarily unable to trade due to the pandemic. Full details of the grant available for the period February 2021 to April 2021 have not yet been announced.
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At Hawsons we have a dedicated team of highly qualified and experienced tax specialists who offer personal and corporate tax advice from our offices in Sheffield, Doncaster, and Northampton and we are here to support our clients throughout these difficult times.
If you would like to discuss your SEISS claim, please get in touch with your usual Hawsons contact who will be happy to help you.
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