Self-Employed Income Support Scheme (SEISS) also improved

Self-Employed Income Support Scheme (SEISS) also improved

In his Winter Economy Plan the chancellor announced that SEISS grants would continue to be available, but at only 20% of average profits for the period to 5 April 2019. On 22 October the Chancellor increased the amount of the third three month grant to 40% of average profits, capped at £3,750.

On 2 November he made a further announcement that for the month of November the grant would increase to 80%, meaning a cap of £5,160 for the three months to 31 January 2021.

If you need any additional information please don't hesitate to contact our Tax Partners, Steve Crompton or Lucy Williams on the details below:

Steve Crompton
Partner – Head of Tax
direct dial: 01942 292541
mobile: 07790 840394

Lucy Williams
Tax Partner
direct dial: 01942 292543
mobile: 07807 053494