Second and final grant available under the Self-employment income support scheme

You do not need to have claimed the first grant under the self-employment income support scheme (SEISS) to receive the second and final grant, which will be open to claim in August.

Individuals must be eligible and will need to confirm that their business has been adversely affected by coronavirus. In some circumstances this may have only happened in this later phase.

If you have already claimed the first self-employment income support scheme (SEISS) grant and are still being adversely affected by coronavirus you will be able to claim the second and final grant in August.

Am I eligible?

If you are eligible, you will have received an invitation to claim from HMRC.

If you did not receive this invitation, you may still visit the eligibility checker and enter your details to check if you are eligible. 

The following criteria must be covered:

  • You can confirm that your business has been adversely affected by coronavirus
  • You traded in the tax year 2018/2019 and submitted a tax return before 23 April 2020
  • You traded in the tax year 2019/2020
  • You intend to trade in the tax year 2020/2021
  • Your trading profits are no more than £50,000
  • Your trading profits are at least equal to your non-trading income

How much will I get?

The second and final grant will be a taxable grant worth 70% of your average monthly trading profits, paid out in a single instalment covering 3 months’ worth of profits, and capped at £6,570 in total.

You can still claim the first grant until 13 July this will be worth 80% of your average monthly trading profits, paid out in a single instalment covering 3 months’ worth of profits, and capped at £7,500 in total.

How do I claim?

You will need:

  • Self Assessment Unique Taxpayer Reference
  • NI Number
  • Government Gateway ID and Password
  • UK bank details

You must make the claim yourself. Your tax agent or adviser must not claim on your behalf as this will trigger a fraud alert, and you will have to contact HMRC. This will cause a significant delay to you receiving your payment.

When will I receive my grant?

HMRC aim to check your claim and pay your grant into your bank account in the next 6 working days. They will send an email when your payment is on its way.