SEISS-v2-CMS
Posted on

Applications for the second Self-employed Income Support Scheme (SEISS) can now be made. 

If you are eligible, self-employed, and your business has been adversely affected by coronavirus on or after 14 July 2020, claims must be made for the second (and final) grant on or before 19 October 2020.

You can make a claim for the second grant even if you did not make a claim for the first grant.

Guidance to determine whether your business has been adversely affected by coronavirus can be found here. ‘Adversely affected’ can be when your business has experienced lower income or higher costs. Examples include: 

1. You’re unable to work because you:

  • are shielding
  • are self-isolating
  • are on sick leave because of coronavirus
  • have caring responsibilities because of coronavirus

2. You’ve had to scale down, temporarily stop trading or incurred additional costs because:

  • your supply chain has been interrupted
  • you have fewer or no customers or clients
  • your staff are unable to come in to work
  • one or more of your contracts have been cancelled
  • you had to buy protective equipment so you could trade following social distancing rules

If your business recovers after you’ve claimed, your eligibility will not be affected.

About the Author

Martin Johnson Image

Martin Johnson

Partner
With expertise in advising family-owned companies on a range of tax, accountancy and business issues, Martin also has an in-depth knowledge of the automotive and property sectors. In addition, he provides advice on inheritance tax planning and financial management to owner-managed businesses.  Martin leads the firm in developing its expertise in the buy-to-let sector, advising both residential and commercial property owners on relevant tax and legislation issues. A further element to Martin’s role is to build Torgersens’ relationships with banks, financial advisors and specialists in commercial and employment law to ensure that the firm’s clients have access to market-leading guidance.  

To get in touch please e-mail martin.johnson@torgersens.com.

Share this story...

More Stories

Incorporation relief: A case study

Incorporation relief: A case study

Why staying up-to-date with your accounts is essential: Lessons from a recent insolvency case

Why staying up-to-date with your accounts is essential: Lessons from a recent insolvency case

Does your website comply with cookie laws?

Does your website comply with cookie laws?