Many self-employed business owners breathed a sigh of relief when the government announced a second tranche of the Self-Employed Income Support Scheme (SEISS), claimable in August, however with businesses beginning to emerge from lockdown not everyone will be eligible.
To qualify for the second SEISS Grant the business must be ‘adversely affected’ by the coronavirus pandemic on or after 14th July 2020.
HMRC have inserted the requirement of being ‘adversely affected’ as a pre-condition for claiming however it has been left to them to interpret what this means.
To be considered adversely affected HMRC says a business must have temporarily stopped trading, the trading has been scaled back, or the business has incurred additional costs. There are 5 possible causes:
business supply chain has been interrupted
reduced number of clients / customers
business contracts have been cancelled or put on hold
staff have been unable to work
the business has had to buy PPE in order to trade