This site uses cookies. By continuing to browse the site you are agreeing to our use of cookies. To find out more about cookies on this website and how to delete cookies, see our privacy notice.

Covid-19 support for the self-employed via the SEISS

By Sarah Bradford, July 2020

Sarah Bradford explains the help available to the self-employed through the self-employment income support scheme. 

The government has put in place a number of measures, encompassing both grants and loans, to help individuals and businesses affected by the Covid-19 pandemic.  

As far as the self-employed are concerned, grants are available for eligible traders under the self-employment income support scheme (SEISS). Claims under the scheme made can be from 13 May 2020 onwards. 

Nature of the scheme 

The scheme provides a taxable grant to self-employed taxpayers whose business has been adversely affected by the Covid-19 pandemic. The grant is based on 80% average monthly profits (calculated by reference to profits over the three tax years to 5 April 2019) for a period of three months, capped at a maximum of &pound,

This is one of our 2037 Premium articles

To see this article in full and unlock access to our complete library of 2037 articles click 'subscribe & unlock' below:

Subscriptions include a 14 day free trial
+ money back satisfaction guarantee

Begin your tax saving journey today

Each month our tax experts reveal FREE tax strategies to help minimise your taxes.

To get Tax Insider tips and updates delivered to your inbox every month simply enter your name and email address below:

Thank you for signing up to hear from us!