Self-Employment Income Support Scheme (SEISS)
- United States: Paycheck Protection Program (PPP)
- United Kingdom: Self-Employment Income Support Scheme (SEISS)
- Netherlands: Noodmaatregel Overbrugging voor Werkgelegenheid (NOW)
Self-Employment Income Support Scheme extended with a 3rd & 4th grant – here's how ALL the grants work
The Self-Employment Income Support Scheme (SEISS) is made up of four taxable Government grants for self-employed individuals whose businesses have been adversely affected by coronavirus. There were initially only two grants, but last week Chancellor Rishi Sunak announced that a third and fourth grant will be rolled out. This means Government support for the self-employed will now be extended until 30 April 2021. But there is now effectively 12 months' worth of support over a period covering 14 months. Here's what Martin has to say.
The four grants are more or less identical – the only differences are when they're available and how much you can get. The Government has confirmed that the eligibility criteria remains the same (for now). For ALL the grants, you need to have been adversely affected by coronavirus during the period the grant is running for. Unsure what "adversely affected" means? We've detailed examples and help.