What does the self-employed grant look like now?

The self-employed grant available for November will double to 80%

The grant was extended further as part of the Winter Jobs Package in October, with two taxable grants to be paid over a six month period; the first will cover from the start of November to the end of January, and the second February until the end of April.

As SEISS grants are calculated over three months, the uplift for November to 80%, along with the 40% level of trading profits for December and January, increases the total level of the third grant across the three-month period to 55% of trading profits. The maximum grant will increase to £5,160.

Summary Points:

• The government will provide two taxable SEISS grants to support those experiencing reduced demand due to Covid-19 but are continuing to trade, or temporarily cannot trade.
• It will be available to anyone who was previously eligible for the SEISS grant one and grant two, and meets the eligibility criteria.
• Grants will be paid in two lump sum instalments each covering 3 months. The first grant will cover a three-month period from the start of November 2020 until the end of January 2021. The government will pay a taxable grant which is calculated based on 80% of average trading profits for the November grant, and 40% for both December and January.
• The maximum grant will increase to £5,160.
• The second grant will cover a three-month period from the start of February until the end of April 2021.
• The government will review the level of the second grant and set this in due course.

Crucially, the Government says applicants must now declare they’ve been impacted by reduced demand due to coronavirus, whereas with previous grants you’ve been able to claim if you’ve suffered any adverse impact.