Applications for the second grant will open from 17 August. HMRC will work out your eligibility the same way as the first grant. If you make a claim for the second grant, you will have to confirm your business has been adversely affected on or after 14 July 2020. This grant will be a taxable grant worth 70% of your average monthly trading profits, paid out in a single instalment covering a further 3 months’ worth of profits, and capped at £6,570 in total.
The eligibility criteria are the same for both grants, and individuals will need to confirm that their business has been adversely affected by coronavirus. An individual does not need to have claimed the first grant to receive the second grant. For example, they may only have been adversely affected by COVID-19 in this later phase.