Second round of grants for the self-employed opens

17 Aug 2020

The Self-Employment Income Support Scheme (SEISS) has opened for applications for the second and final grant.

Under the scheme, the government pays self-employed individuals a taxable grant based on an average of their earnings over the past three years.

The grant covers up to 70% of earnings, up to a limit of £2,190 a month.

The eligibility criteria for the second grant are the same as for the first one. To be eligible, self-employed workers must have filed a tax return for the 2018/19 tax year and have average trading profits under £50,000 for the past three years.

The claimant's business must have been adversely affected by the coronavirus (COVID-19) at any time since 14 July. Both those who claimed the first grant and those who did not are eligible for the second grant. Claims must be made by 19 October.

Detailed guidance about the grants can be found here.

As your accountants, we can guide you through the SEISS eligibility criteria and the process for checking and claiming. Please contact us for more information.

About us

Higgisons was formed by John Higgison in Oxford Street in 1965 and was originally part of the Accountancy Tuition Centre until James McHale became managing partner and the firm moved to its City Road premises in 1982.

We like to become involved at the planning stage of the formation of a business venture to ensure that it is structured as flexibly and efficiently as possible so that it can cope with changes in legislation or personal circumstances.

Higgisons Chartered Accountants
Higgison House
381-383 City Road
London
EC1V 1NW


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