FIFTH SEISS Update

The fifth Self-Employment Income Support Scheme (SEISS) grant has been open for claims since the end of July 2021. You must make your claim on or before Thursday 30 September 2021. 

On 20 August HMRC amended its guidance regarding qualifying turnover. 

HMRC has made changes to its SEISS guidance for working out business turnover. The changes relate to subcontractors in the construction industry and business partners.

For subcontractors, the new guidance confirms that the amount of turnover for 2020/21 or an earlier year they must use for their claims is that before any construction industry scheme deductions.

For business partners, the amended guidance clarifies how individuals who became partners during 2020/21 should calculate their turnover for that year.  It says “you need to work out your percentage share of the partnership’s turnover. It will be the same percentage of profit you took from the partnership in the 12-month period, April 2020 to April 2021.”

You can read more details on how to work out your turnover so you can claim the fifth SEISS grant here.

For more information on claiming a grant through the SEISS scheme, please click here.

To claim a grant, please click the button below.

Make a Claim

If you need further support or advice, please don’t hesitate to contact us on 01249 712074 or email theteam@cvag.co.uk