3rd SEISS grant and FAQ’s

Third SEISS grant deadline

The third grant of the Self-Employment Income Support Scheme (SEISS) closes for claims on Friday‌‌ ‌29‌‌ ‌January. Eligible customers must claim on or before this date.

You can find everything you need to know about the third SEISS grant here

Here are some answers to the most frequently asked questions as provided my HMRC

Am I eligible for the third SEISS grant?

You can find all you need to know about SEISS, including the eligibility criteria for the third grant, on GOV‌‌.UK by searching ‘Self-Employment Income Support Scheme’.

What if my business recovers after claiming the third grant?

If your business recovers after you have claimed, your eligibility will not be affected as this is based on the reasonable belief that your trading profits would have been significantly impacted when you made the claim. Anyone who receives a grant must keep evidence in support of their claim

Should I take into account the value of previous SEISS grants when deciding whether I can claim the third SEISS grant?

You do not have to consider any other coronavirus scheme support payments you have already received when deciding whether they reasonably believe that you will suffer a significant reduction in trading profits. This reduction needs to be due to reduced activity, capacity, demand or inability to trade due to coronavirus during 1 November 2020 to 29‌‌ ‌January‌‌ ‌2021.

Do I need to declare the grant on my Self Assessment tax return?

Similar to the first and second SEISS grants, the third SEISS grant will also be subject to Income Tax and self-employed National Insurance. Alongside the first and second grants, the third grant should be reported on your 2020-21 Self Assessment tax returns (filing deadline 31‌‌ ‌January‌‌ ‌2022).

How can I find out more about the fourth SEISS grant?

HMRC will contact you when details of the fourth SEISS grant are confirmed.

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