The second round of the Self-Employment Income Support Scheme (SEISS), which is worth 70 per cent of three months’ average trading profits, capped at £6,570, launches on Monday 17 August 2020.

You can claim for the SEISS if you are a self-employed individual or a member of a partnership and all of the following apply:

  • You are carrying on a trade that has been adversely affected by Coronavirus;
  • You traded in the tax year 2018-2019 and submitted a Self-Assessment tax return on or before 23 April 2020 for that year;
  • You traded in the tax year 2019-2020;
  • You intended to continue to trade in the tax year 2020-2021;
  • You have trading profits of less than £50,000 and more than half of your total income comes from self-employment. This can be with reference to at least one of the following conditions:
    • Trading profits and total income in 2018-19
    • Average trading profits and total income across up to the three years between 2016-17, 2017-18, and 2018-19.

The scheme is not available to people working through their own limited companies.

If you are unsure of your eligibility or need support making a claim we are here to help. To find out how our team can assist you, please contact us.

Ashby Berry Coulsons is the trading name of Ashby Berry Coulsons Ltd. Registered in England & Wales, Company registered number 07945386.
Registered to carry on audit work in the UK by the Institute of Chartered Accountants in England and Wales.
Registered office 2 Belgrave Crescent, Scarborough.