3rd SEISS Self Employment Grant ?
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bradztheman
Posts: 544 Forumite
I have just read about the announcement of the third grant on https://www.gov.uk/government/publications/self-employment-income-support-scheme-seiss-grant-extension
i don't understand what profits the 20% calculation goes by? Recent profits or profits from certain years?
i don't understand what profits the 20% calculation goes by? Recent profits or profits from certain years?
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Same as the last two I believe0
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I'm pretty sure it will be the previous 3 years profits as before.0
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It says that claimants have to be currently eligible for the SEISS. That implies the same profits will be used as for SEISS 1 and 2.1
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Ok so say my average monthly profits are £1000 a month then 20% of that is £200, so will it be just £200 for 3 months, or £200 a month??0
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Essentially, the Government will subsidise up to 22% of wages for employees and 20% of monthly income for self-employed. Not ideal but money doesn’t grow on trees. We have a choice, reduce COVID infections or save the economy, we can’t do both.
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bradztheman said:Ok so say my average monthly profits are £1000 a month then 20% of that is £200, so will it be just £200 for 3 months, or £200 a month??Information I post is for England unless otherwise stated. Some rules may be different in other parts of UK.2
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Any details on when the claim will become available?0
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bradztheman said:Any details on when the claim will become available?HMRC will provide full details about claiming and applications in guidance on gov.uk in due course.Information I post is for England unless otherwise stated. Some rules may be different in other parts of UK.2
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so first seiss payment was 80 percent for mar to may and was paid in mid may. 2nd payment 70 percent was for june to august and was paid mid august. The 3rd payment - just. 20 percent will be from november till january? so will be paid mid january? Therefore will get nothing at all until january why the gap? why no august till october payment?
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My son works in construction registered CIS. He's received the first 2 Grant's but has recently returned to work albeit part time. Before he claims the 3rd grant he wants to know where he stands.
His firm is making him and others work for nothing because they got the Grant's. Is this right?0
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