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November 3rd 2020

Coronavirus: Self Employment Income Support Scheme Extension (updated 5 November)

Following the announcement that England will be locked down through November 2020, the government has now confirmed that the level of support available under the Self Employment Income Support Scheme (SEISS) will be increased and the grants extended to cover two further periods, November 2020 to January 2021 and February to April 2021.

Self employed individuals who meet the qualifying criteria will now be eligible to claim 80% of their average trading profits for the months of November, December and January 21 (assuming no further changes to the Scheme in the meantime - anything seems possible at the moment). The maximum grant under the scheme has increased to £7,500.

The level of support for the claim period February to April 2021 has not yet been confirmed; given the speed and frequency with which the government is making new decisions at the moment, it is probably futile even to speculate.

To qualify, claimants must have been eligible to claim for the first and second SEISS grants (whether or not they actually claimed them). Claimants must confirm that they intend to continue to trade, and they have suffered from reduced demand due to coronavirus, or have temporarily been unable to trade due to coronavirus.

The claims window is now due to open on 30 November, originally it was due to open only on 14 December.

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