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 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.