On 29 May, the Chancellor announced details of an extension to the SEISS for self-employed traders and partnerships whose businesses continue to be affected by COVID-19 as well as those who are newly affected.
Eligible self-employed people will be able to claim a second and final SEISS grant in August; this will be a taxable grant worth 70% of their average monthly trading profits for three months, paid out in a single instalment and capped at £6,570.
The eligibility criteria and the basis of calculation for the second grant will be the same as for the first grant, apart from the reduction in the cap from 80% of relevant profits to 70%.
You do not need to have claimed the first grant to claim the second grant; for example, your business may have been adversely affected by COVID-19 more recently.
So far, HMRC has administered about 2.3 million SEISS claims worth £6.8 billion. Claims for the first SEISS grant must be made no later than 13 July.
More information about the second SEISS grant will be available on www.gov.uk from 12 June.