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Self employment income support scheme grant extension.
Government to government consultation. It will cover 20 of business average. The seiss scheme has helped self employed people keep an income during the coronavirus pandemic which has disproportionately affected business owners. The scheme will run for at least six months a little less than the seven month original furlough scheme.
The grant is being extended from 1 november 2020. However they will only charge a penalty in those circumstances if the amount has not been repaid by january 31 2022. Heres what you need to know.
When will the job support scheme end. After facing pressure from mps to extend the furlough and self employed support schemes mr sunak announced the new self employed grant on september 24. It was later enhanced under the solidarity budget announced by dpm heng on 6 april 2020 to broaden support for seps affected by covid 19 and to tide them through this period of economic uncertainty.
When will the seiss scheme end. The job support scheme starts on 1 november 2020. Even if an individual was not aware that they were ineligible when they received the grant hmrc have the power to charge penalties under the general failure to notify rules in schedule 41 finance act 2008.
You can continue to. The last possible moment to file a 201819 tax return was thursday 23 april the deadline had been extended from 31 january 2020. The government is creating the new job support scheme to help protect viable employees jobs after the current furlough scheme ends on 31 october 2020.
You can apply for the second grant from monday august 17 and will be able to claim until the deadline of october 19. The deadline to apply for the first seiss grant has passed. That means it will end in may 2021.
The self employed person income relief scheme sirs was first announced by deputy prime minister dpm heng swee keat as part of the resilience budget on 26 march 2020. The second grant was calculated as 70 up to a maximum of 6570. You must have filed a tax return for 201819.
The extension announced on 24 september 2020 provides two further grants and a change to the terms was announced on 22 october 2020.
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