Taxi drivers and other self-employed workers have just days left to apply for second SEISS grant


Image Credit: HMRC

Taxi drivers and other self-employed workers have just days left to apply for their second government grant of up to £6,750.

The Self-Employment Income Support Scheme (SEISS) has helped millions of self-employed workers effected financially by the coronavirus pandemic.

Workers eligible for the second grant have until 19 October to claim a taxable grant worth 70% of their average monthly trading profits, paid out in a single instalment covering three months’ worth of profits, and capped at £6,750 in total.


Applications for the second grant opened on 17 August. Those eligible will have the money paid into their bank account within six working days of completing a claim.

The Chancellor announced last month that the support for self-employed individuals would be extended further, but at a heavily reduced rate.


The latest grant offers an initial lump sum covering three months’ worth of profits for the period from November to the end of January next year worth 20% of average monthly profits, up to a total of £1,875.


A further grant, which may be adjusted to respond to changing circumstances, will also be available for self-employed individuals to cover the period from February 2021 to the end of April.

CVAugbanner.gif
  • Facebook TaxiPoint
  • Twitter TaxiPoint
  • YouTube TaxiPoint
  • Instagram
ltda banner.JPG

TRENDING...

VEHICLE...

JN6013_Taxi Insurer TaxiPoint Web Banner
Sherbet - Taxi Point GIF banner_2.gif

COVID-19...

ltpr.GIF
TAXI INSURANCE MMC October 2020.gif
TaxiPoint- 300x200px Taxi GIF PLAN AUG 2
private hire cover from Utility Saving Expert

The views expressed in this publication are not necessarily those of the publishers.

All written and image rights are reserved by authors displayed. Creative Common image licenses displayed where applicable.

Reproduction in whole or in part without prior permission from the publisher is strictly prohibited.

All written content Copyright of TaxiPoint 2020.