HMRC have updated their guidance on how different circumstances affect the Self-Employment Income Support Scheme.
Applications for the second grant are now open. If you’re eligible and your business has been adversely affected on or after 14 July 2020, you must make your claim for the second grant on or before 19 October 2020.
The second taxable grant is worth 70% of your average monthly trading profits, paid out in a single installment covering 3 months’ worth of profits, and capped at £6,570 in total.
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