Taxi drivers and other self-employed workers have just days left to apply for second SEISS grant

Image Credit: HMRC

Taxi drivers and other self-employed workers have just days left to apply for their second government grant of up to £6,750.

The Self-Employment Income Support Scheme (SEISS) has helped millions of self-employed workers effected financially by the coronavirus pandemic.

Workers eligible for the second grant have until 19 October to claim a taxable grant worth 70% of their average monthly trading profits, paid out in a single instalment covering three months’ worth of profits, and capped at £6,750 in total.

Applications for the second grant opened on 17 August. Those eligible will have the money paid into their bank account within six working days of completing a claim.

The Chancellor announced last month that the support for self-employed individuals would be extended further, but at a heavily reduced rate.

The latest grant offers an initial lump sum covering three months’ worth of profits for the period from November to the end of January next year worth 20% of average monthly profits, up to a total of £1,875.

A further grant, which may be adjusted to respond to changing circumstances, will also be available for self-employed individuals to cover the period from February 2021 to the end of April.