Self-Employment Scheme Extension Guidance

Guidance on the extension of the Self-Employment Scheme has been published. To be eligible for the grant extension self-employed individuals, including members of partnerships, must:

• currently be eligible for the Self-Employment Income Support Scheme (although they do not have to have claimed the previous grants)
• declare that they are currently actively trading and intend to continue to trade
• declare that they are impacted by reduced demand due to coronavirus in the qualifying period (the qualifying period for the grant extension is between 1 November and the date of claim)

 
The extension will provide two grants and will last for six months, from November 2020 to April 2021. Grants will be paid in two lump sum instalments each covering a three-month period. The first grant will cover a three-month period from the start of November until the end of January. HMRC will provide a taxable grant covering 20 per cent of average monthly trading profits, paid out in a single instalment covering 3 months’ worth of profits, and capped at £1,875 in total.
 
https://www.gov.uk/government/publications/self-employment-income-support-scheme-grant-extension/self-employment-income-support-scheme-grant-extension
 
There is also a video on the extended scheme
 
https://www.gov.uk/guidance/help-and-support-if-your-business-is-affected-by-coronavirus-covid-19#history
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