The closing date for claiming the second grant under the SEISS is 19 October 2020. If you haven’t already claimed the grant then you must do so before this date or your entitlement will lapse.
As a reminder this second and grant is worth 70% of your average monthly trading profits capped at £6,570. It will be paid out in a single instalment within six days of making your claim. As with the first grant the payment will be taxable and should be declared on your next tax return.
You are eligible for the grant if your business is adversely affected by Coronavirus on or after 14 July. Although not an exhaustive list, ‘adversely affected’ means:
You are unable to work because you:
You have had to scale down / temporarily stop trading / incurred additional costs because:
If you have any doubt over whether you are eligible to make a second claim, please contact us to discuss. You must keep evidence to show that your business was adversely affected at the time you made your claim.
We are here to help so please contact us if you wish to discuss any of the above.