Goodier Smith and Watts

Devonshire House
Manor Way, Borehamwood
Hertfordshire, WD6 1QQ

Search News


SEISS claims deadline in a few days

Source: HM Revenue & Customs | | 23/09/2021

The final deadline for making a claim under the 5th Self-Employment Income Support Scheme (SEISS) is 30 September 2021. The SEISS scheme is only open to those self-employed with annual profits of less than £50,000 and who receive at least half their income from self-employment. 

Self-employed persons whose turnover has fallen by more than 30% will qualify for an 80% grant, capped at £7,500. Those with decreases in turnover of less than 30% are restricted to a 30% claim, capped at £2,850. When making a claim, the online service will ask for turnover figures and compare them. The claims service will then tell the applicant if they can claim the higher or lower grant amount.

The turnover figures will be used to compare turnover in the pandemic year from April 2020 – April 2021. This ‘pandemic’ year turnover should then be compared to a previous year's turnover, known as the ‘reference’ year. For most self-employed the turnover reported in 2019-20 should be used as the reference year. However, this is not always the case and if 2019-20 was not a normal year for the business in question, the turnover reported in 2018-19 can be used. 

COVID-19 support payments such as previous SEISS grants, and local authority or devolved administration grants should not be included in the turnover figure. 



 

Latest News

New warnings from HMRC re tax fraudsters
25/11/2021 - More...
Fraudsters are continuing to target taxpayers with scam emails in advance of the 31 January 2022 deadline for submission

Teesside Freeport open for business
25/11/2021 - More...
The first of the English Freeports, Teesside, opened operations on 19 November 2021, and is expected to be followed

What is a tax calculation?
25/11/2021 - More...
A tax calculation is created by HMRC if you have not paid the right amount of tax. HMRC’s annual reconciliation of PAYE

Newsletter

With our newsletter, you automatically receive our latest news per e-mail and get access to the archive including advanced search options!

» Sign up for the Newsletter
» Login

 

 

ICAEW-BLK RGB  

 

Save

Save

Copyright © 2021 - Goodier, Smith and Watts

Cookie Policy | Website Privacy Policy                                                                                                                                                                                                                                                         

Registered in England under the number 3724657