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5th Self-Employment Income Support Scheme Grant (SEISS) – Can You Claim?

Posted 21/07/2021

The same basic eligibility applies as for the previous grants:

  • Must have traded in 2019/20 & 2020/21 tax years
  • Submitted your 2019/20 tax return on or before 2nd March 2021
  • Trading profits of no more than £50,000
  • Trading profits at least equal to your non-trading income

n.b. you do not have to have claimed previous grants to claim the 5th SEISS grant

https://www.gov.uk/guidance/claim-a-grant-through-the-coronavirus-covid-19-self-employment-income-support-scheme

To consider if you can claim for the 5th grant you must:

  • Intend to keep trading in 2021/22
  • Reasonably believe there will be a significant reduction in your trading profits due to the impact of COVID-19 between 1 May 2021 and 30 September 2021
  • Either:
    • Be currently trading but are impacted by reduced demand due to coronavirus (Covid-19)
    • Have been trading but are temporarily unable to do so due to Covid-19

https://www.gov.uk/guidance/how-your-trading-conditions-affect-your-eligibility-for-the-self-employment-income-support-scheme

Information you will need to claim:

  • Your turnover from April 2020 to April 2021
  • Your turnover from April 2019 to April 2020

How much you will receive:

  • If your turnover has reduced by 30% or more when comparing the above two turnover figures, you will receive 80% of 3 months average trading profits up to a maximum of £7,500
  • If your turnover has reduced by less than 30% when comparing the above two turnover figures, you will receive 30% of 3 months average trading profits up to a maximum of £2,850

How to make a claim:

  • HMRC will contact you in mid-July to give you a date that you can make your claim from. It will be given to you either by email, text message, letter or within the online service
  • The claim service for the 5th grant will be open from late July and will close on 30 September 2021.

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