The fifth Self-employment Income Support Scheme (SEISS) grant covering May 2021 to September 2021 will open to claims from late July, HMRC has confirmed.
To be eligible for the grant, an individual must be self-employed or a member of a partnership. They must have traded in the tax year 2019/2020 and submitted their tax return on or before 2 March 2021, and also have traded in the tax year 2020/21.
The amount of the fifth grant will be determined by how much an individual’s turnover has been reduced in the year April 2020 to April 2021.
HMRC will provide more information and support by the end of June 2021 to help individuals work out how their turnover was affected.
The online claims service for the fifth SEISS grant will be open from late July 2021. In mid-July HMRC will contact individuals who are eligible based on their tax returns to give them a date from which they can make their claim.
View our latest blogs
Take a look at our recent blogs below.
Businesses urged to apply for remaining COVID-19 support grants
Businesses are being encouraged to apply for remaining coronavirus (COVID-19) grant funding from local authorities. Hospitality, leisure and accommodation businesses can still apply for one-off cash grants of up to […]
Published on 18th February 2022
Our specialist accounting packages for sole traders and the self-employed combine easy online tools with accountant support to take away the stress of handling your accounts.
From £25 + VAT / month
Thousands of owner-managed businesses turn to Boox for the right help and advice with running their limited company. They love our personal service and accounting market-leading software.
Pay for what you need
A range of cost-effective accounting services designed for buy-to-let landlords and property investors. Specialist advice and marketing leading software takes the complexity and stress out of managing a property investment business.
From £40 + VAT / month