Self-Employment Income Support Scheme (SEISS) grant extension

11 Mar 2021

In the Budget the government extended the Self-Employment Income Support Scheme (SEISS) setting out guidance on two further grants. Croner Taxwise tax advice consultant Pras Patel outlines the changes and wider eligibility criteria

The 4th and 5th SEISS grants

The government has released more information relating to the 4th grant which will cover the period from February 2021 to April 2021.

Eligibility for the 4th and 5th grants will be based on the 2019/2020 tax return as submitted by midnight on Tuesday 2 March and so the grants will now be open to those that became self-employed from 6 April 2019. This was not the case in respect of the earlier grants.

Capped at £7,500 the 4th grant will be again set at 80% of three months’ average trading profits.

There will also be a 5th grant covering May to September 2021 and will take the individual’s trading position for 2020/2021.