SEISS extended: Will Rishi Sunak extend the self-employed scheme for grant 5? express.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from express.co.uk Daily Mail and Mail on Sunday newspapers.
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The government’s support scheme for the self-employed – the Coronavirus Self-Employed Income Support Scheme (SEISS) offers taxable grants for many sole traders and partnerships.
The scope of SEISS was extended announced in the March 2021 Budget to help the newly self-employed and the existing scheme has been extended to a fourth and fifth round
The fourth SEISS grant is available to individuals who began self-employment in the 2019/20 tax year, which began on 6th April 2019, as well as those who have previously claimed.
Individuals who are eligible will be able to claim the fourth round of SEISS at 80% of average trading profits capped at £7,500 for three months. The fourth grant will be available in April.
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Video report by ITV News Consumer Editor Chris Choi
Workers, the self-employed and those on benefits - in desperate need of a lifeline - got some financial support in Rishi Sunak s Budget.
Furlough will continue until the end of September and there is extra money for the self-employed - including many who have missed out on government help so far.
The Universal Credit uplift has also been extended, a welcome relief to the unemployed and those on low wages.
Yet despite the measures which will benefit some, the Budget is too little too late for self-employed people who fell through the cracks over the past year, a driving instructor has said.