The Government has now provided details of the fifth Self-Employed Income Support Scheme (SEISS) grant.
A specific date when the online claims portal will open is yet to be announced, but it’s expected to be available from late July 2021. Read here all the details on how to claim.
To ensure you are ready to make a claim as soon as the online service is available, please follow these steps:
1. If you haven’t done so already, work out your turnover for the twelve-month period starting on any date between 1 April 2020 and 6 April 2020.
2. Check your records and find your turnover from either 2019/20 or 2018/19. This will be needed as a reference year.
If you started self-employment or became a business partner in 2019/20, and you hadn’t traded previously at any time between 6 April 2016 and 5 April 2019, you won’t need to follow steps 1 or 2 to make a claim.
HMRC’s guidance stresses the importance of making the claim yourself. It says that if your accountant or anyone else makes the claim on your behalf it will trigger a fraud alert. Be sure to keep evidence to show the impact and reduction in your business activity over the qualifying period. You can read a brief eligibility criteria here.