This grant will cover a three-month period from the start of November until the end of January. The UK Government will pay a taxable grant which is based on 80% of three months’ average trading profits, paid out in a single instalment and capped at £7,500.
The SEISS Grant Extension will last for six months in total, from 1 November 2020 to 30 April 2021. A further grant will cover February to April, as grants will be paid in two lump sum instalments each covering a three-month period. The Government will set out further details, including the level of that grant, in due course.
Full details on checking if you are eligible for the current grant and how to claim will be published on GOV.UK week commencing 23 November.
Guidance and live webinars offering you more support on changes to CJRS and SEISS, and how they affect you, are available to book online – go to GOV.UK and search ‘help and support if your business is affected by coronavirus’.
If you have any questions contact us today and speak to one of our friendly and experienced members of staff.