Self-Employment Income Support Scheme (SEISS)

A fourth and fifth grant will be made under the Self-Employment Income Support Scheme (SEISS). The fourth SEISS grant will be worth 80% of three months’ average trading profits, capped at £7,500 in total. The grant will cover the period February to April, and can be claimed from late April. Self-employed individuals must have filed a 2019/20 Self-Assessment tax return to be eligible for the fourth grant. This means that over 600,000 individuals may be newly eligible.

The fifth and final SEISS grant covers May to September. The value of the grant will be determined by a turnover test: people whose turnover has fallen by 30% or more will continue to receive the full grant worth 80% of three months’ average trading profits, capped at £7,500. People whose turnover has fallen by less than 30% will receive a 30% grant, capped at £2,850. The final grant can be claimed from late July.