Drummond Laurie Chartered AccountantsThe self-employed income support scheme (SEIS) has been extended and the third claim covers businesses who have had a new or continuing impact from coronavirus between 1st November 2020 – 29th January 2021.

From this week (30th November 2020), self-employed individuals are able to make this claim if they are eligible to do so.

If eligible, individuals will be able to claim a taxable grant of 80% of their average trading profits over the last 3 tax years, to a maximum of £2,500 per month. This taxable grant will be paid in one lump sum to cover the 3 months i.e. to a maximum of £7,500. For those who claimed the first SEIS, this will be the same amount.

More details on this scheme and eligibility can be found here Self Employed Update

Please do not hesitate to get in touch with your usual contact at Drummond Laurie if you have any queries relating to the above.