Colin Wilks & Co Limited Chartered Certified Accountants
Colin Wilks & Co LimitedChartered Certified Accountants

COVID19 Self Employed Grant Scheme - Update 1st June 2020

On Friday 29th May 2020, the Chancellor announced that there will be an extension to the Self-Employed Income Support Scheme (SEISS).

 

The extension to the scheme will be available to those people whose self-employed trade continues to be or is newly affected by COVID19.

 

If you are eligible you will be able to make a second and final claim in August 2020. It will be worth 70% of average trading profits based on the same criteria as the first claim, (but you do not have to have previously made a claim to be eligible), capped at £6570 in total.

 

If you are eligible for the first claim but have not yet done so you must make the claim by no later than 13 July 2020, or you will lose your entitlement to claim.

 

Both the first and second claims are grants. They do not have to be repaid, but they are treated as taxable income and if you are claiming Universal Credit should be included in your income declaration

Address

Colin Wilks & Co Limited


Suite 2, Douglas House

32-34 Simpson Road

Fenny Stratford,

Buckinghamshire

MK1 1BA

Making an appointment

If you have any queries or wish to make an appointment please contact us:

 

Tel: 01908 805080

Email: colin@colinwilks.co.uk

 

Alternatively, please use our contact form.

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© Colin Wilks & Co Limited A company registered in England & Wales, Registration number 04832012 Registered Office: Suite 2, Douglas House, 32-34 Simpson Road, Fenny Stratford, Buckinghamshire MK1 1BA