Coronavirus Newletter
The Government have put together a website ( https://www.businesssupport.gov.uk/coronavirus-business-support/ ) to help businesses find out how to access the support, who is eligible, when the schemes open and how to apply. I have summarised the information below which may be relevant to your business. I update my Twitter feed as and when I find new information. You can find me at @RichardBownCo . Update 09/07/2020 Applications for the first Self Employed Income Support Scheme (SEISS) grant are closing on 13 July 2020 (next Monday) . This grant covers the period 1 March to 31 May 2020. The scheme is being extended and a second and final grant can be claimed from 17th August 2020 which relates to the period 1 June to 31 August 2020. If you’re eligible, the second and final grant will be a taxable grant worth 70% of your average monthly trading profits, paid out in a single installment covering a further 3 months’ worth of profits, and capped at £6,570 in total. The criteria to ma