Fourth self-employed grant now open for online applications

The online service for applications for the fourth Self-employment Income Support Scheme (SEISS) grant is now open for claims.

On 21 April, the online service for applications for the fourth Self-employment Income Support Scheme (SEISS) grant was opened for claims, HMRC confirmed.

All applications must be submitted by the individual self-employed worker and cannot be handled by accountants or tax advisers.

The fourth grant will be 80% of three months' average trading profits, to be claimed from late April 2021.

Payment will be in a single instalment capped at £7,500 in total and will cover the period 1 February to 30 April 2021. The scheme has been extended to those who filed a 2019/20 self-assessment tax return prior to 3 March 2021.

Claimants must have been impacted by reduced activity, capacity and demand, or have been trading previously and are temporarily unable to do so. All claims must be made on or before 1 June 2021.

There is no requirement for an earlier SEISS grant to have been claimed to be able to claim the fourth grant.

The fifth SEISS grant will cover the period from 1 May to 30 September 2021 and will be available from July.

It will be set at 80% of three months' average trading profits, paid out in a single instalment, capped at £7,500, for those with a turnover reduction of 30% or more.

Alternately, it will be worth 30% of three months' average trading profits, capped at £2,850 for those with a turnover reduction of less than 30%.

Further details of the fifth grant will be provided in due course.

Internet link: GOV.UK

Get in touch

Why not drop us a line or fill in our very quick enquiry form

Address
Rudge & Co, Greenlands Business Centre, Studley Road, Redditch, Worcestershire B98 7HD
Phone

01527597400

Email

help@rudgeco.co.uk

Image Captcha
Enter the number above

Home | About us | Contact us | Site map | Accessibility | Privacy | Disclaimer | Help |

© 2021 Rudge & Co. All rights reserved. Banner images designed by Freepik

We use cookies on this website, you can find more information about cookies here.