Claims for the fourth grant have now closed. The last date for making a claim was 1 June 2021. The online service for the fourth grant is now available. This guidance has been updated with information about the fourth SEISS grant.
What is the SEISS grant?
The Self-Employment Income Support Scheme (SEISS) grants are payments made by the government to eligible businesses which have been adversely affected by the coronavirus pandemic. The grants are subject to income tax and self-employed National Insurance contributions (NIC).
When can you claim the 3rd grant for self-employed?
Claims for the third grant opened on 30 November 2020 and closed on 29 January 2021. Claims for the fourth grant opened in late April 2021 and closed on 1 June 2021.
Does SEISS count as turnover?
When working out turnover for grant five, anything reported as any other income on tax returns does not have to be included. This includes things like previous SEISS grants, local authority or devolved administration grants or Eat Out to Help Out payments from last year.
Is the Self Employment Income Support Scheme still open?
The service is now closed for the Self-Employment Income Support Scheme. You can no longer make a claim for the second grant. This scheme is being extended. Guidance will be updated as soon as possible. The Self-Employment Income Support Scheme claim service is now open. Updated to confirm that the online service for the first grant is closed.
When does the employment situation for may come out?
The Employment Situation for May is scheduled to be released on Friday, June 4, 2021, at 8:30 a.m. (ET).
How is the fourth self employment grant calculated?
The fourth grant is calculated at 80% of 3 months’ average trading profits. It will be paid out in a single instalment and capped at £7,500 in total. How much you receive will depend on your average trading profits. We’ll work out your average trading profits using up to 4 years’ of submitted tax returns.
What was the increase in employment in August?
In August, financial activities employment rose by 15,000, with nearly half of the gain occurring in insurance carriers and related activities (+7,000). Financial activities has added 111,000 jobs over the year. Employment in professional and business services continued to trend up in August (+37,000).
