Spring Budget 2021: Self-employment grants extended to September

Summer grant subject to "turnover test"

The Self-Employment Income Support Scheme (SEISS) is set to continue through to the end of September in the form of a fourth and fifth grant, Chancellor Rishi Sunak has announced in the Spring Budget. .

SEISS' fourth grant may be available to 600,000 people more than the third grant, with individuals having to file a 2019-20 Self Assessment tax return to be eligible for this grant, offering the potential for the newly self-employed to qualify. Available from late April, it will be worth 80% of three months' average trading profits, paid out in a single instalment and capped at £7,500 in total, covering the period February to April. A fifth and final SEISS grant will cover the period May to September, with the value of grant determined by a "turnover test" to "ensure that support is t...