This scheme has been extended for 6mths covering the period November 2020 to April 2021. Grants will be paid in two lump sums, each covering a 3 month period.
The third grant will cover the period 1 November 2020 – 31st January 2021.
The grant will be 80% of 3mths average monthly trading profits capped at £7,500.
The fourth grant covering the period February – April 2021 has been announced and further details will follow in due course.
The grants are treated as income and are subject to tax and NI.
The online service for the next grant will be available from 30th November 2020. HMRC will provide full details of how to claim in due course.