Question to the HM Treasury:
To ask the Chancellor of the Exchequer, what assessment his Department has made of the potential merits of extending the Self-Employment Income Support Scheme beyond August 2020.
The Self-Employment Income Support Scheme (SEISS) allows eligible individuals to claim a taxable grant worth up to 80% of their average monthly trading profits, paid out in a single installment covering three months, and capped at £7,500 in total. The Chancellor indicated that the SEISS would be temporary when he announced it at the end of March, and that it could be extended if necessary. The Government is keeping this under review.