Self-employment Income Support Scheme

(asked on 23rd September 2020) - View Source

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, whether he has made an assessment of the potential merits of a sector specific extension to the Self Employment Income Support scheme for industries that are adversely affected by the rule of six and other covid-19 restrictions.


Answered by
Jesse Norman Portrait
Jesse Norman
This question was answered on 1st October 2020

The Chancellor has announced the SEISS Grant Extension, which is a targeted form of support for the self-employed and viable traders who are actively trading but suffering from low demand, to help them continue to trade in the forthcoming winter months.

The Government will provide eligible claimants with a taxable grant covering 20 per cent of average monthly trading profits, paid out in a single instalment covering 3 months’ worth of profits, and capped at £1,875 in total.

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