Self-Employed Income Support Scheme – applications for second grant open now

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The second grant opened yesterday (17th August 2020), following the closure of the first grant on the 13th July.  Applications for the second grant are being staggered, as they were for the applications for the first grant, to restrict the numbers making the application, and thus prevent the system from being overloaded and crashing.  Applications can be made until the 19th October 2020, so there is plenty of time to make the claim if you are unable to access the site immediately or need time to obtain any information prior to making the application.

In order to qualify for the grant the conditions are the same as the first grant, except that in addition your business must have been adversely affected by the Coronavirus Pandemic on or after the 14th July 2020.

Although you do not need to have applied for the first grant in order to qualify for the second grant, if you qualified for the first grant, and your business has been adversely affected on or after the 14th July, then you should qualify for the second grant.

The second grant is worth up to 70% of your trading profits, to a maximum of £6570.

You need to apply through the Government claims portal – the application can be made by following this link –

https://www.gov.uk/guidance/claim-a-grant-through-the-self-employment-income-support-scheme

The information you will need to hand is

  1. Unique Taxpayer Reference (UTR)
  2. National Insurance number
  3. Government Gateway user ID and password (you can create one when you make your claim)
  4. Bank account details for the payment – bank account number, sort code, name on the account, the address that the bank hold for you on that account

Even though you need to make the application yourself you can seek help in making the application.  We at Synergy would be happy to offer assistance should you require it.  Contact Koreen on 07531741287.

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About the Author:

Koreen is a Member in Practice of The Association of Accounting Technicians, which means that she is both licensed and regulated by the AAT. However Koreen is also a Fellow Member which is an acknowledgement by the AAT of her senior status in terms of knowledge and experience.
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