Coronavirus (Covid-19)

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On Thursday 26 March the Chancellor announced a new Self-Employment Income Support Scheme (SEISS) to support those whose income has been negatively impacted by coronavirus. The scheme will provide a grant to self-employed individuals or partnerships, worth 80% of their profits up to a cap of £2,500 per month.

For more information and guidance on the SEIS Scheme, view the links below:

This scheme is being delivered by HMRC.

  • HMRC will contact eligible customers directly once the scheme is operational – customers should not be advised to contact HMRC now.
  • The Grant will be paid directly into the eligible customers’ bank account.
  • Grants are expected to start to be paid out by the beginning of June 2020.

The SEIS Scheme will be treated as earnings in Universal Credit. A customer’s Universal Credit payment will adjust in response to changes in their earnings.

If a customer needs financial help whilst waiting for SEISS, they should check their eligibility to claim Universal Credit.

More information on the Understanding Universal Credit