COVID-19: Second Treasury direction for Self-employed
06 July 2020
On 2 July 2020, HM Treasury issued a second Treasury Direction under sections 71 and 76 of the Coronavirus Act 2020, modifies and extending the terms of the Self-Employment Income Support Scheme (SEISS).
- It allows claims for SEISS Extension Payments, which must be made between 14 July and 19 October 2020.
- The direction now includes the rules applying to those who would not otherwise have qualified for SEISS because their 2018-19 earnings had been affected by maternity, paternity, adoption leave or reserve forces duty.
- The deadline for claiming under the first round of grants is 13 July 2020.
- Claims for the second round of grants at the lower rate may be made in August with a deadline of 19 October 2020.
See the new Treasury direction here.
Aspire Comment
As HMRC make their intentions to recover any incorrect claims clear, it is essential that individuals stay completely up to date with the ever-changing guidance and legislation. See our news on the initial direction here. For a timeline on the HMRC guidance published for the self-employed, see our COVID-19 page.
If you require any further guidance, please get in touch with one of our advisors on 0121 445 6178 or email enquire@aspirepartnership.co.uk.