Second Round of the Self Employment Grant (SEISS)
Has your self-assessment business been adversely affected by coronavirus on or after 14 July 2020 in any of the following ways?
- Business accounts showing a reduction in turnover
- Confirmation of any coronavirus-related business loans you have received
- Your business had to close due to lockdown restrictions
- You or your staff were unable to work due to coronavirus symptoms, shielding or caring responsibilities
If the answers is yes, we have a good news for you! The Employment Income Support Scheme has been extended and you might be eligible, even if you did not make a claim for the first grant.
If you were eligible for the first grant and can confirm to HMRC that your business has been adversely affected on or after 14 July 2020, you’ll be able to make a claim for a second and final grant from 17 August 2020.
You can make a claim for the second and final grant if you’re eligible, even if you did not make a claim for the first grant.
How to claim
The online service is not available yet. If you’re eligible you’ll be able to make a claim for a second and final grant from 17 August 2020. HMRC will contact you if you’re eligible.
What you will need
You will need your:
- Self-Assessment Unique Taxpayer Reference (UTR) – if you do not have this find out how to get your lost UTR
- National Insurance number – if you do not have this find out how to get your lost National Insurance number
- Government Gateway user ID and password – if you do not have a user ID, you can create one when you make your claim
- UK bank details (only provide bank account details where a Bacs payment can be accepted) including:
- bank account number
- sort code
- name on the account
- your address linked to your bank account
After you’ve claimed
HMRC will check your claim and pay your grant into your bank account in the next 6 working days. They will send you an email when your payment is on its way.
If your business recovers after you’ve claimed, your eligibility will not be affected. You must keep evidence to confirm your business was adversely affected at the time you made your claim.
Evidence keeping and reporting
You must keep a copy of all records in line with normal self-employment record keeping requirements, including the:
- amount claimed
- grant claim reference
You should also keep any evidence that your business has been adversely affected by coronavirus at the time you made your claim, such as:
- business accounts showing a reduction in turnover
- confirmation of any coronavirus-related business loans you have received
- dates your business had to close due to lockdown restrictions
- dates you or your staff were unable to work due to coronavirus symptoms, shielding or caring responsibilities
You will need to report both grants:
- on your Self-Assessment tax return for tax year 2020 to 2021
- as self-employed income for any Universal Credit claims
- as self-employed income as changes to your tax credits claims
The grant should be treated as income received on the day it’s paid for any Universal Credit claims or tax credit changes.
The grant does not need to be repaid but will be subject to Income Tax and self-employed National Insurance from the day you receive it.
Here is a link to the website should you need it…. https://www.gov.uk/guidance/claim-a-grant-through-the-self-employment-income-support-scheme