In a welcome announcement yesterday, Rishi Sunak revealed new changes to the Self Employed Income Support Scheme (SEISS). The changes will re-establish more practical support for people adversely affected by COVID-19.
The Self Employed Income Support Scheme (SEISS)
From 1 November 2020, the SEISS grant due covering the period from 1 November 2020 to 31 January 2021, is doubled from 20% to 40% of qualifying profits, paid out in a single amount, and capped at £3,750 in total. The second and final grant – covering the period from 1 February 2021 to 30 April 2021 – will be announced next year.
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