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Self employed professional liability insurance. No changes have been announced to the self employed income support scheme seiss. The third seiss grant. The original furlough scheme was due to end in october but it was extended to cover the second lockdown period in england through to 2 december.
30 october 2020 we have updated the page to tell you when the online service for the next grant will be open. Self employed workers will get two more seiss grants as part of the winter economy plan. Before 22 july 2020 you must tell us on or before 20 october 2020 on or after 22 july 2020 you must tell us within 90.
Between march and july the government paid for 80 of furloughed workers wages up to 2500 a month and it also covered employers national insurance ni and pension contributions. The coronavirus job retention scheme cjrs will draw to a close this month after subsidising the wages of nearly 10 million workers. In contrast with donations or loans a grant does not have to be paid back.
While many recipients may not realise the grant up to 2500 a month is taxable the low incomes tax reform group litrg warns that a third of the grant may have to be paid back in tax and class 4 national insurance contributions nics by 31 january. Published 26 june 2020 last updated 16 september. 1448 mon oct 26 2020.
This depends on the date you received your grant so if you received the grant. Those eligible under the self employment income support scheme seiss which has so far seen 23 million claims worth 68 billion will be able to claim a second and final grant in august. The self employed have received financial support from the government due to coronavirus but will there be a third self employment grant.
The government has announced a five month extension of the furlough scheme while the self employed will be eligible for a third grant worth up to 7500. By katie sewell published.
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