SEISS extension increased for November 2020
02 November 2020
During his statement in parliament today (2 November), the Prime Minister announced that the Government will increase the SEISS percentage for November from 40% to 80%, to match the support given under the CJRS extension.
SEISS is calculated over 3 months therefore this increases the total grant from 40% to 55% of trading profits for November to January with the maximum grant increasing to £5,160.
The HM Treasury has also advised that grants will be paid faster than previously planned, with the claims window opening at the end of November rather than the middle of December. We await further clarification on the exact date and will advise when further details are available.
Information provided in this news article may be subject to change. Please make note of the date of publication to ensure that you are viewing up to date information.