Self-Employment Income Support Scheme
Self-Employment Income Support Scheme

The following Employment practice note provides comprehensive and up to date legal information covering:

  • Self-Employment Income Support Scheme
  • Key elements of the SEISS and extensions to the SEISS
  • Criteria for claiming a third SEISS payment (SEISS 3)
  • Online eligibility checker tool
  • Qualifying individuals
  • Requirement that business must have been impacted by reduced demand or be unable to trade due to coronavirus
  • Impacted by reduced demand
  • Previously trading but temporarily unable to do so
  • Reasonable belief that there will be a significant reduction in trading profits
  • Examples of reduced activity, capacity or demand or unable to trade
  • More...

UPDATE (15/12/20): On 24 November 2020, the Treasury Direction in relation to the third SEISS grant (SEISS 3) was published, and the related HMRC guidance was updated to reflect that eligible individuals, who have had a new or continuing impact on their business from coronavirus in the claim period 1 November 2020 to 29 January 2021, will be able to claim a taxable grant worth 80% of their average monthly trading profits, paid out in a single instalment covering three months’ worth of profits, and capped at £7,500 in total. This is more generous than was previously proposed: on 22 October 2020, the Chancellor announced that SEISS 3 would cover 40% of average monthly trading profits up to a maximum of £3,750 (see News Analysis: Government makes Job Support Scheme and SEISS extension grants more generous (22/10/20)). This calculation was subsequently revised on 2 November 2020, so that the payment for the first month of SEISS 3 (November) would be set at 80%, thereby increasing the total level of SEISS 3 to 55% of trading profits over the three months, capped at £5,160. On 5 November 2020, in his statement to the House of Commons, the Chancellor revised the calculation of SEISS 3 for the third time, and confirmed that all three months of the claim period would be
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