Following news from the Chancellor that the self employed will be able to make a second SEISS claim in August, MJB Avanti share a warning with you surrounding tax banding and NI implications.
If you are self employed and have managed to work through furlough and have made one claim and plan to make the second, you need to watch the second claim will not tip you over the 40% tax band for total income in the year, and be mindful of the 9% NI you pay on your profits.