Self-Employed Income Support Scheme (SEISS): second grant opens today
By DTA | 17th August 2020 | News
If you're self-employed or a member of a partnership and have been adversely affected by coronavirus you may be eligible for the second Self-Employment Income Support Scheme (SEISS) which is now open. This scheme is not for limited companies.
You can make a claim even if you did not make a claim for the first grant, you may only have been adversely affected by COVID-19 in this later phase, on or after 14 July 2020.
To be eligible for the Self-Employment Income Support Scheme:
- you must have submitted a Self Assessment tax return for the tax year 2018 to 2019 and continued to trade in the tax year 2019 to 2020
- more than half of your income needs to come from self-employment
- you must have a trading profit of less than £50,000 in 2018-19, or an average trading profit of less than £50,000 from 2016-17, 2017-18 and 2018-19
Check the eligibility criteria on the government website:
For those eligible, the grant will be worth 70% of your average monthly trading profits, paid out in a single instalment covering three months' worth of profits, and capped at £6,570 in total. Start your claim on the government website here:
We recognise that a number of our members who are self-employed people, such as directors who pay themselves in dividends, freelancers, and the newly self-employed do not qualify for the government's self-employment support package. The DTA have called for action by the government to provide financial support to these individuals plus those who have not qualified for the Coronavirus Job Retention Scheme. In addition to this the DTA continue to request support for the dental technologist profession as a whole, who have been receiving very little work, or in many circumstances none at all due to the COVID-19 restrictions in place by the government, and this is not likely to change for the foreseeable future, yet the government financial support will end in October leaving Dental technologists in an extremely vulnerable position