New Parents May Now Be Eligible
A reminder that, if a constituent’s responsibilities as a new parent meant they did not submit a tax return for 2018/2019, or their trading profits in 2018/19 were less than their other income (and they were therefore ineligible for SEISS), they may now be able to claim.
- caring for a child within 12 months of birth, or adoption placement
- pregnancy or childbirth, within 26 weeks of the date of giving birth
- a stillbirth after more than 24 weeks of pregnancy
For new parents, their 2017-18 or both 2016-17 and 2017-18 self-assessment returns can now be used to asses eligibility and grant calculation. If these changes mean someone could now be eligible, they need to confirm to HMRC that being a new parent affected their trading profits or total income in the tax year 2018 to 2019. These changes mean new parents may now be able to claim for the first SEISS grant, the second SEISS grant, or both (depending on when their businesses may have been adversely affected by the coronavirus pandemic) when applications open for the second grant.
More information is available on GOV.UK.
The Government is continuing its support for millions of self-employed individuals by extending the SEISS Grant.
Self-employed individuals and members of partnerships who are eligible for the SEISS, and who are actively continuing to trade but are experiencing reduced demand due to COVID-19, will be eligible for a further SEISS Grant to provide support over the winter months.
Grants will be paid in two lump sum instalments each covering 3 months. The first grant will cover a three-month period from the start of November 2020 until the end of January 2021 It will be a taxable grant to cover 20 per cent of average monthly trading profits, and capped at £1,875 in total.
An additional second grant, which may be adjusted to respond to changing circumstances, will be available for self-employed individuals to cover the period from February to the end of April - ensuring our support continues right through to next year.
This is in addition to the more than £13 billion of support already provided for over 2.6 million self-employed individuals through the first two stages of the Self-Employment Income Support Scheme – one of the most generous in the world.
More information is available on GOV.UK