Self-Employed Income Support Scheme

The Self-Employment Income Support Scheme (SEISS) is a grant-based system which gives self-employed workers a payment based on previous tax returns if they have experienced a drop in income as a result of coronavirus.

The scheme has been extended to 30th September 2021.

The fourth grant is for the period from February to April 2021 and covers 80% of 3 months’ average trading profits, paid out in a single instalment capped at £7,500. It is open to people who became self-employed in the tax year 2019 to 2020. Claims must be submitted before 1 June 2021.

The government also announced a fifth grant covering the period from May to September 2021. The amount will be determined by how much turnover has been reduced in the year April 2020 to April 2021.

Who is eligible?

To be eligible for the scheme claimants must meet the following criteria:

  • self-employed or a member of a partnership and have traded in the tax years 2019-20 and 2020-21 and have either lost trading profits due to or would be trading now if not for coronavirus
  • intend to continue trading
  • submitted an income tax self-assessment tax return for the year 2019 to 2020 and submitted your tax return by 2 March 2021
  • trading profits below £50,000 and over half of the claimant’s income comes from self-employment

How much will I get?

80% of average monthly profits, up to a maximum of £2,500 per month for 3 months.

How is this calculated?

HMRC will use the self-assessment tax returns they already hold to calculate an average monthly income.

How do I apply?

Claimants start by completing the online eligibility checker using their Self-Assessment Unique Taxpayer Reference. Once eligibility has been established HMRC will provide a date for the claim to be submitted.

Is this repayable?

The payment is a grant and so is not repayable.

What support can I get now?

Self-employed people can also seek advice from the independent advice network in relation to possible entitlement to benefits, or an adjustment in benefits they already receive.