Understanding SEISS Grants

Updated: Jul 26, 2020

by Dani Thompson


Covid-19, the apocalypse that hit 2020 and threw the world into chaos.


Hopefully if you’re reading this, you’ve managed to stay safe and have your health to be thankful for but lockdown does mean that a lot of work has dried up. I know I’ve definitely felt it, the TV and film industry was one of the first to shut up shop even before lockdown was called and of course as far as modelling goes, shoots haven’t been able to take place.


But help is at hand - if you live in the UK you may be eligible for . Here is my guide to the extra help you may be eligible for:


Have you been self employed and filed your accounts for over 3 years?

 

If you have then good news, you could be eligible for a Self Employed Income Support Scheme (SEISS) grant.


The grant is available to self employed individuals with trading profits of up to £50,000 per year whose majority of income comes from being self employed and who have been adversely affected by the corona virus crisis and pays out 80% of the average of your monthly earnings (worked out by them via your tax returns so you don’t have to do any of the maths) for 3 months up to a maximum of £7,500 per month at which it is capped and is paid out in a single instalment.


If you receive the grant, you are allowed to continue to work or take on other employment during this time which is good news for content creators.


To claim for the first grant, you must do so before 13th July 2020.


To find out if you’re eligible, go to: 


https://www.gov.uk/guidance/claim-a-grant-through-the-self-employment-income-support-scheme


To make your claim, you will need to have these things on hand.

  • Self Assessment Unique Taxpayer Reference (UTR) – you should be able to find this on your tax return.