Budget announcement on Self-Employment Income Support Scheme

In the news story about the budget published on 3 March 2021 the HM Treasury announced an extension of the UK-wide Self Employment Income Support scheme to September 2021, with 600,000 more people who filed a tax return in 2019-20 now being able to claim for the first time.

The news story can be accessed here.

The fourth SEISS grant will be set at 80% of 3 months’ average trading profits, paid out in a single instalment, capped at £7,500.

The fourth grant will take into account 2019 to 2020 tax returns and will be open to those who became self-employed in tax year 2019 to 2020.

The rest of the eligibility criteria remain unchanged.

Details of who can claim, what the fourth grant covers, and how to claim can be accessed here.