personal finance

SEISS warning: The second grant deadline is quickly approaching – get ready now

So long as the claimant is eligible for the grant, the amount awarded will be based on their average trading profits over the three tax years of 2016-2019.

The government will work out average trading profits by adding together the total trading profits or losses for the three years then divide the figure by three.

The second grant will be worth 70 percent of the total.

It will be paid out in a single instalment covering three months’ worth of profits, being capped at £6,570 in total.


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