Very Important if you receive the SEISS funding

If you receive funding under the Self Employment Support Income Support Scheme ( SEISS) please read this

You must keep a copy of all records in line with normal self-employment record keeping requirements, including:

  • the amount claimed
  • the claim reference number

You should also keep any evidence that your business has been adversely affected by coronavirus such as:

  • business accounts showing a reduction in turnover
  • confirmation of any coronavirus-related business loans you have received
  • dates your business had to close due to lockdown restrictions
  • dates you or your staff were unable to work due to coronavirus symptoms, shielding or caring responsibilities due to school closures

You will need to report the grant:

The grant should be treated as income received on the day it’s paid for any Universal Credit claims or tax credit changes.

 

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