Self-Employment Support (SEISS) To Be Increased

The level of the third SEISS grant was increased to 80% of trading profits covering November to January for all parts of the UK. It is calculated based on 80% of three months’ average trading profits, paid out in a single instalment and capped at £7,500.

The window for claiming the third grant will open on a phased basis from 30 November and HMRC expects to pay grants within six working days of the date of the claim.

Previous announcements regarding this grant had set the level at 40% so this increase matches the level of support to given employed workers.