HMRC have recently announced that the Self-Employment Income Support Scheme has been extended to include a second claim. I have copied guidance directly form HRMC below. Any questions please do come back to us, however as before, when the time comes in August, we will not be able to make the claims for you unfortunately.

From HMRC…..

The scheme currently allows you to claim a taxable grant worth 80% of your average monthly trading profits, paid out in a single instalment covering 3 months’ worth of profits, and capped at £7,500 in total.

If you’re eligible and your business has been adversely affected you must make your claim for the first grant on or before 13 July 2020.

This scheme is being extended. If you’re eligible for the second and final grant, and your business has been adversely affected on or after 14 July 2020 you’ll be able to make a claim in August 2020. You can claim for the second grant even if you did not make a claim for the first grant.

We will work out your eligibility the same way as the first grant. If you make a claim for the second grant you will have to confirm your business has been adversely affected on or after 14 July 2020.

This grant will be a taxable grant worth 70% of your average monthly trading profits, paid out in a single instalment covering a further 3 months’ worth of profits, and capped at £6,570 in total.

You can claim for the second and final grant even if you did not make a claim for the first grant.

The online service for the second and final grant is not available yet. Do not contact us as we will update this guidance when this service is available.