The fifth (and final) SEISS grant for the self-employed is now available to claim. You must make your claim on or before 30 September 2021. HMRC will contact those traders that may be eligible with their claim date. The eligibility criteria remain broadly the same as the fourth grant. Self-employed profits in 2019/20 must not exceed…
Category Archives: Self Employed Income Support Scheme (SEISS)
The fifth (and final) SEISS grant will be available for the self-employed to claim towards the end of July. The eligibility criteria remain broadly the same as the fourth grant. Self-employed profits in 2019/20 must not exceed £50,000 and must be more than 50% of your total income. If that test is not met, then…
Like the CJRS scheme for employers the Self-Employed Income Support Scheme (SEISS) has been extended to September 2021and details of claims for the fourth grant have now been released. This fourth grant covers February, March and April 2021. There will then be a fifth grant covering May to September 2021. The latest grant allows the…
In line with the further extension of the CJRS furlough scheme for employees the Chancellor has also set out further support for the self-employed. We had been waiting for the details of the calculation of the fourth SEISS grant covering the period to 30 April and we now know that the support will continue to…
HMRC have announced that they will be imposing penalties of up to 100% of the amounts overclaimed on businesses so make sure that your claims are correct. The penalties depend on whether or not the overclaim is the result of a deliberate error and whether or not the disclosure was prompted by HMRC. The penalty…
Further announcements were made today in the House of Commons by the Chancellor of the Exchequer, Rishi Sunak, to provide further support to businesses throughout the winter and during lockdown: Furlough scheme extended until the end of March 2021 – The scheme will pay 80% of an employee’s wages up to a maximum of £2,500…
After the extension of the furlough scheme as the country is set to enter another lockdown, Rishi Sunak announced yesterday that the Self-employed would also see their support under the SEISS doubled for the month of November. Previously under the Winter Economy Plan, the payments for the 3rd round of Self Employed Income Support Scheme…
Over the weekend it was announced that England will be plunged into another lockdown, though with a few less restrictions than the first. Many businesses are being ordered to close including: Non-essential retail Hospitality Indoor and outdoor leisure and sports facilities Entertainment venues Personal care facilities Places of worship (except for some exemptions such as…
Yesterday’s announcements by the Chancellor of the exchequer saw changes introduced to the Job support scheme and the extension to the self-employed income support scheme. Both schemes were announced as part of  the Winter economy plan in September and major changes are now being made to the schemes before even the first claims are able…
Two final lump sums will be available to the self-employed who are still experiencing the adverse effects of the coronavirus. To qualify you must: Currently be eligible for the SEISS (even if you have not claimed the earlier grants) Declare that you are actively trading and that there is an intention to continue to trade…
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