Covid-19 Update – 6 November 2020
The Government has announced that they are increasing the overall level of the grant available to the self-employed to 80% of trading profits covering November to January for all parts of the UK.
It will be calculated based on 80% of 3 months’ average trading profits, paid out in a single instalment and capped at £7,500.
HMRC will pay this increased grant sooner than planned and in good time for Christmas. The window for claiming a grant will open on 30 November, two weeks earlier than previously announced.
Details of a fourth SEISS grant covering February to April will be released in due course.