NEW GUIDANCE ON VISITING US
NEW GUIDANCE ON VISITING US

SEISS follow-on grant – what you need to do

The Self Employment Income Support Scheme (SEISS) has been extended.

Further details were announced on June 12 when it was confirmed that applications for this grant – the second and most likely final grant of its type – will open in August.

Eligible individuals whose business has suffered because of Covid-19 on or after 14 July 2020 can claim a taxable grant worth 70% of their average monthly trading profits, paid out in a single instalment and capped at £6,570 in total.

The level of support for the first SEISS grant was 80% of average monthly trading profits, capped at £7,500 in total.

Before applying for the second SEISS grant, you need to be sure you meet the conditions laid down by HMRC. The person applying must:

  • carry on a trade which has been adversely affected by reason of circumstances arising as a result of coronavirus or coronavirus disease (after 14 July 2020 in the case of the second grant)
  • have delivered a tax return for the 2018-19 tax year on or before 23 April 2020
  • have carried on a trade in the tax years 2018-19 and 2019-20
  • intend to continue to carry on a trade in the tax year 2020-21
  • if that person is a non-UK resident or has made a claim under section 809B of ITA 2007 (claim for remittance basis to apply), certify that the person’s trading profits are equal to or more than the person’s relevant income for any relevant tax year or years
  • be an individual, and
  • meet the profits condition

There is no need for you to have claimed the first grant to be able to claim the second grant, but if you were eligible to claim the first grant and have not already done so, please note the final deadline for claiming the first grant is July 13.

The conditions for who can claim the a taxable grant through the SEISS can be found here

Examples of when the “adversely affected” criteria will be met can be found here

If you have any queries, please contact Chris Hadley, our senior private client tax manager

Awards & Affiliations

Client Testimonials
  • I always get quick, clear and definitive responses from the Harwood Hutton tax team – commercial answers to commercial issues.

    Robin Berry – Morgan Management
  • Right from the outset Harwood Hutton gave us direction and great advice – and that advice has evolved over the years as we’ve grown. We’re both medium-sized companies providing a bespoke service – one furniture, one accountancy – and the relationship works.

    Andy McCarron, McCarron and Co
  • I’m deeply impressed with Harwood Hutton’s extensive knowledge of tax arrangements for residential and commercial property landlords.

    Qadeer Ahmed, MD, ABA Finance
  • They really took their time to understand what was important to us and our business and the expertise we required. Whoever we speak to at HH, we get the same fantastic response and technical input. It’s a real partnership.

    Edward Finch, group MD, MRIB insurance brokers
  • I have worked with the directors at Harwood Hutton on a number of mutual client matters over many years. The reassurance of their clear, commercial and focussed advice is one of the main reasons I regard this as one of my most valuable professional relationships.

    Frank Wessely, Partner, Quantuma LLP
  • Harwood Hutton never seem to rest on their laurels. They are always seeking out new avenues and ways to improve their offering. A very forward-thinking company with staff who are always well briefed and who approach each task with drive.

    Karl Austen, MD, Surefoot Communications
  • We have engaged Harwood Hutton in several areas of structuring, including VAT issues, decoupling an SPV from a group structure and HMRC clearance for a transaction. The team have exceeded all expectations by being proactive, measured and very thorough.

    Adam Fawsitt, Director, FHT Limited
  • We moved to Harwood Hutton as they delivered a succinct and professional proposal. If anything, we have been more impressed post-move. They are a fantastic company to work with. They do truly differentiate. They have the skills and capabilities of a mega firm but with a personal service.

    Edward Finch, group MD, MRIB insurance brokers
Sign up to our Newsletter

Sign up to our Newsletter

newletter image

Newsletter sign up

Join our mailing list to receive important news and insights for business leaders and private individuals