New Self Employed Income Support Scheme – do you qualify?

1 min read

Self-employed businesses that continue to be adversely affected by Coronavirus may qualify for the new Self Employed Income Support Scheme (SEISS) three-month grant of 70% of average profits capped at £6,570.

In order to qualify for the new SEISS, your business needs to be adversely affected by the coronavirus on or after 14th July 2020.

Therefore, if you cannot trade, your income is down, you have additional costs due to social distancing and PPE, your business may qualify for the scheme.

You also need to meet the same broader criteria for the initial SEISS grant.

  • You have been trading in 2018/19 and submitted your tax return by 23rd April 2020;
  • Continue to trade in 2020/21;
  • Have average profits of less than £50,000 per year.

You can make a claim from 17th August and you can make a new SEISS grant claim even if you did not make claim under the initial SEISS grant.

Contact your TC adviser today on 0330 088 7111 if you would like to discuss whether you can make a claim under this new SEISS grant.

You might be interested in...

  2. New Merger Banner

    18 Oct 2026

    TC GROUP MARKS STRATEGIC EXPANSION INTO NORTHERN IRELAND WITH GMCG MERGER

    TC Group is delighted to announce its expansion into Northern Ireland through a merger with the highly respected accountancy firm GMcG. GMcG will continue to serve clients from its offices in Belfast, Lisburn and Portadown, maintaining its strong local presence... Read more

    Learn more

    TC GROUP MARKS STRATEGIC EXPANSION INTO NORTHERN IRELAND WITH GMCG MERGER
  3. Play icon

    14 Oct 2026

    Beyond the Books Episode 10

    Jordan Dennis is joined by Jennie Brown to discuss what business owners should be thinking about now rather than waiting for announcements.

    Watch now

    Beyond the Books Episode 10
  4. how to reduce inheritance tax

    06 Oct 2026

    HOW TO REDUCE YOUR INHERITANCE TAX BILL

    Inheritance tax planning is about more than reducing a future tax bill. The right strategy can help protect your wealth, prevent valuable assets from being sold to meet an IHT liability and ensure your family has the funds and information they need to guarantee peace of mind.

    Learn more

    HOW TO REDUCE YOUR INHERITANCE TAX BILL