{"id":1584,"date":"2021-09-01T09:09:55","date_gmt":"2021-09-01T09:09:55","guid":{"rendered":"https:\/\/www.aelmarkhams.co.uk\/?p=1584"},"modified":"2021-09-06T15:28:40","modified_gmt":"2021-09-06T15:28:40","slug":"seiss","status":"publish","type":"post","link":"https:\/\/aelmarkhams.co.uk\/seiss\/","title":{"rendered":"Self-Employed Income Support Scheme – Covid19"},"content":{"rendered":"

UPDATE – 5th September 2021<\/strong><\/p>\n

The fifth SEISS grant – FINAL GRANT – DEADLINE 30th September 2021<\/span><\/strong><\/p>\n

The final SEISS grant covering May 2021 to September 2021 is now open to claim. The amount of the fifth grant will be determined by how much your business turnover has been reduced.<\/p>\n

The grant will be worth 80% of three months\u2019 average trading profits, capped at \u00a37,500, for those with a higher reduction in turnover (30% or more). For those with a lower reduction in turnover, of less than 30%, then the grant will be worth 30% of three months average trading profits.<\/p>\n

HMRC will calculate how much you are eligible to claim, please ensure you have this year and last years turnover and profit figures to hand before claiming.<\/p>\n

To Claim: https:\/\/www.tax.service.gov.uk\/self-employment-support\/only-claim-for-self<\/a><\/p>\n

For more information before you claim: https:\/\/www.gov.uk\/guidance\/claim-a-grant-through-the-coronavirus-covid-19-self-employment-income-support-scheme<\/a><\/p>\n

\n

UPDATE – 3rd March 2021<\/strong><\/p>\n

The fourth SEISS grant<\/strong><\/p>\n

The grant will be available to claim from late April 2021. As with previous grants, trading profits must be no more than \u00a350,000 and at least equal to non-trading income in order to claim the fourth SEISS grant.<\/p>\n

Eligibility for the fourth SEISS grant will also depend on whether your business experienced a significant financial impact from coronavirus between February 2021 and April 2021.<\/p>\n

The calculation takes into account the most recent 2019\/20 tax submission, so you may be eligible for more or less than previously granted.<\/p>\n

The online claims service for the fourth grant will be live from late April<\/strong> to allow HMRC time to process recently submitted 2019-20 Self Assessment tax returns.<\/p>\n

The latest this grant can be claimed for is the 31st May 2021<\/strong>.<\/p>\n

The fifth SEISS grant<\/strong><\/p>\n

The UK Government has also announced that there will be a fifth and final SEISS grant covering May 2021 to September 2021. The amount of the fifth grant will be determined by how much your business turnover has been reduced.<\/p>\n

The grant will be worth 80% of three months\u2019 average trading profits, capped at \u00a37,500, for those with a higher reduction in turnover (30% or more). For those with a lower reduction in turnover, of less than 30%, then the grant will be worth 30% of three months average trading profits.<\/p>\n

You will be able to claim the fifth grant from late July 2021 if eligible<\/span>. Further details will be provided on the fifth grant in due course.<\/p>\n

\n

UPDATE – 26th January 2021<\/strong><\/p>\n

The fourth SEISS grant<\/strong><\/p>\n

Information about the fourth SEISS grant will be provided on 3\u200c\u200c\u200c \u200cMarch 2021.<\/p>\n

\n

UPDATE – 30th November 2020<\/strong><\/p>\n

Applications are now open for the third SEISS grant <\/strong>to support self-employed people affected by coronavirus (COVID-19).<\/p>\n