Self-Employment Income Support Scheme Grant Extension
You can get 2 one off taxable payments. The first payment will cover 1 November 2020 to 31 January 2021. You’ll get 80% of your average monthly trading profits or £7,500 (whichever is lower).
The second payment will cover 1 February 2021 to 30 April 2021. The amount has not been announced yet.
You can claim if both the following apply:
you’re self-employed – including a member of a partnership
you were eligible for the Self-Employment Income Support Scheme first and second grant – even if you did not claim them
You must also plan to continue working and either:
you’re currently actively trading and coronavirus has reduced demand for your business
you were previously trading but temporarily cannot trade because of coronavirus
You cannot claim the grant if you trade through a limited company or a trust.
You’ll be able to claim the first payment from 30 November 2020.