Applications for the third Self-Employment Income Support Grant (SEISS) can be made from 14 December 2020.
This is later than we had expected. When the application portal opens, it will be four months since the last one.
The grant was announced in the Winter Economy Plan and the amount of grant was doubled earlier this month.
Self-employed can receive 40% of their average monthly profits x 3 months, up to £3,750. It will be open to anyone who:
- would have been eligible for the first and second SEISS grants, even if they did not claim
- continues to trade but has been impacted by coronavirus, or who has temporarily stopped because of coronavirus.
HMRC will provide full details on how to claim closer to the time. We expect this to be very similar to previous SEISS grants, and will confirm this as soon as we know.
To find out more about the eligibility please see the Government’s Policy Paper. This article is based on the 30 October 2020.