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If youre eligible and your business has been adversely affected on or after 14 july 2020 you must make your claim for the second grant on or before 19 october 2020.
Self employed income support grant extension. The government are providing broadly the same level of support for the self employed as is being provided for employees through the job support scheme. The second and final self employed grant will be capped at a total of 6570. The second grant will cover the months of june july and august.
Self employed get a second grant from the government 8th july 2020 the government has announced that a second payment will be available to those who are self employed. Mr sunak later announced self employed people will be able to claim for a second and final grant from august. Is it payback time.
Those who are eligible for the second and final grant can claim a second payment from 14th july onwards. Finance act 2020 introduces a requirement for those who claimed amounts under the self employment income support scheme seiss to which they were not entitled to notify hmrc and make a repayment. Applications which can only be made by the claimant open.
For the coronavirus job retention scheme the government will continue to pay employees wages until october. Failure to do so could result in hmrc recovery action interest and penalties. The second grant will cover a three month.
The second grant will be worth 70 percent of self employeds average monthly trading profits covering three months worth of profits. Instead the blanket availability of breaks will continue because of the second lockdown. The scheme has a cap at 6570 in total and will be paid.
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