Self Employed Income Support Scheme – Third Grant

The third self employed grant

 

What period is the grant for?

The third grant is for the three months from 1 November 2020 to 31 January 2021. The grant will be paid in one lump sum instalment.

How much is the grant?

The grant has been increased from the previously announced level of 40% of trading profits to 80% for November 2020. This increases the total grant from 40% to 55% of trading profits for the period 1 November 2020 to 31 January 2020.

The grant is capped at £5,160 in total.

The Government are providing broadly the same level of support for the self-employed as is being provided for employees through the Coronavirus Job Retention Scheme in November due to its extension. And then the reduced Job Support scheme in December and January.

Who qualifies for the third grant?

To be eligible for the third grant, self-employed individuals, including members of partnerships, must:

  • have been previously eligible for the SEISS.
  • declare that they intend to continue to trade and either:
  • are currently actively trading but are impacted by reduced demand due to coronavirus
  • were previously trading but are temporarily unable to do so due to coronavirus.

Can I claim the third grant if I didn’t claim the first or second ones?

Yes, you don’t need to have claimed the first or second payments to claim the third grant.  You do however need to meet the same eligability criteria for the first grant, so if you did not qualify for the first you will not qualify for the third.

When can I make my claim?

The online service for the third grant has been brought forward from 14 December to the 30 November.

How do I make my claim?

HMRC will provide full details about claiming and applications in guidance on GOV.UK in due course.