Self-Employment Income Support Scheme (SEISS) Grant Updated - May 2021
The 4th and 5th grants will now take into consideration profits in the 2019/2020 Tax Returns so long as the figures were submitted on or before 2nd March 2021.
Conditions to be met
The 4th grant covers the period 1st February 2021 - 30 April 2021 and the deadline for the claim is 1st June 2021. The 5th grant covers the period 1st May 2021 to cessation in September 2021
You need to check that you are eligible. The main areas to be mindful of are :
- Your trade must be adversely affected and must have reduced demand for the 4th grant
- Must be impacted by Covid-19 with a fall in profits
- You must carry on the trade in 2019/2020 and 2020/2021 and the intention to carry is there for 2021/2022
All grants remain taxable income as does their predecessors.