Applications are open for the latest UK Government’s Self-Employment Income Support Scheme (SEISS) grant and there is now additional online support available to help.
It is the fourth SEISS grant and is worth up to £7,500 to self-employed people who are eligible. It covers February, March and April.
In a statement on the GOV.UK website last month, HMRC said: “If you’re eligible based on your tax returns, HMRC will contact you in mid-April to give you a date that you can make your claim from. It will be given to you either by email, letter or within the online service.”
However, the official portal for the fourth grant is now open on the website. And that means if you haven’t been contacted by HMRC and believe you are eligible you can still check online.
If you are eligible, you can submit your claim at anytime from now until 11.59pm on June 1.
To see if you are eligible visit https://www.gov.uk/guidance/claim-a-grant-through-the-self-employment-income-support-scheme
If you aren’t eligible for SEISS 4, but believe that there has been a mistake, then call HMRC as soon as possible on 0800 024 1222.
There is also an appeal process available if you are told you still don’t qualify but believe that you do.
The grant already helped millions of self-employed workers across the country throughout the coronavirus pandemic.
A free catch-up webinar explaining the SEISS claims process can also be viewed. It has been uploaded in an update on GOV.UK. https://www.gov.uk/guidance/help-and-support-if-your-business-is-affected-by-coronavirus-covid-19
Register your name and email address and you will be able to watch the video instantly.
HMRC says “To be eligible for the fourth grant you must be a self-employed individual or a member of a partnership. You cannot claim the grant if you trade through a limited company or a trust.”
You must have traded in both tax years 2019 to 2020 and submitted your tax return on or before March 2, 2021.
And you must either:
• Be currently trading but are impacted by reduced demand due to coronavirus
• Have been trading but are temporarily unable to do so due to coronavirus
You must also declare that you:
• intend to continue to trade
• reasonably believe there will be a significant reduction in your trading profits
To make a claim for the fourth grant, you will need:
• Self Assessment Unique Taxpayer Reference (UTR)
• National Insurance number
• Government Gateway user ID and password
• UK bank details including account number, sort code, name on the account and address linked to the account
HMRC will look at trading profits and non-trading income on their Self-Assessment tax returns to check if they meet the eligibility criteria for the fourth grant.
It is being calculated at 80 per cent of three months’ average trading profits. It will be paid out in a single instalment and capped at £7,500.
A fifth grant will be available from July. Those whose turnover has fallen by 30 per cent or more will continue to receive the full 80 per cent grant. Those whose turnover has fallen by less than 30 per cent will get a 30 per cent grant.