The second grant under the Self Employment Income Support Scheme (SEISS) opened on 17 August 2020 and is available to self-employed businesses which have been adversely affected by the Covid-19 Pandemic on or after 14 July 2020. The grant must be claimed on or before 19 October 2020.
Who can claim
Businesses can make a claim even if they did not make a claim for the first grant.
Businesses must also meet the following criteria:
- The grant can be claimed if you are a self-employed individual or a member of a partnership and your business has been adversely affected due to coronavirus.
- To make a claim for the second and final grant your business must have been affected on or after 14 July 2020.
- All of the following must also apply:
- you traded in the tax year 2018 to 2019 and submitted your Self Assessment tax return on or before 23 April 2020 for that year
- you traded in the tax year 2019 to 2020
- you intend to continue to trade in the tax year 2020 to 2021
You cannot claim the grant if you trade through a limited company or a trust.
To work out your eligibility HMRC will first look at your 2018 to 2019 Self Assessment tax return. Your trading profits must be no more than £50,000 and at least equal to your non-trading income.
If you are not eligible based on the 2018 to 2019 Self Assessment tax return, HMRC will then look at the tax years 2016 to 2017, 2017 to 2018, and 2018 to 2019.
Businesses are not able to claim the grant if they are a limited company or operating a trade through a trust.
Information required in order to make a claim
You will need your:
- Self Assessment Unique Taxpayer Reference (UTR)
- National Insurance number
- Government Gateway user ID and password – if you do not have a user ID, you can create one when you make your claim
- UK bank details.
How to claim
for the second and final grant must be made on or before 19 October 2020.
Claims for the first grant are now closed.
Unfortunately A C Mole & Sons, as your accountants and advisers, are unable to make the claim on your behalf as this will delay the payment to you.
You will have to confirm to HMRC that your business has been adversely affected due to coronavirus.
If you need any help with the claim please contact a Partner
within our Taunton
office and we will be happy to assist.
For other Covid-19 support please view our dedicated Covid-19