SEISS 4th grant: FOUR things you should know before applying for SEISS grant 4 this month


The claim process

Potential SEISS claimants need to be aware of the eligibility criteria which must be met for claimants to get the fourth grant.

The fourth grant comes with an added clause where claimants must declare they “reasonably believe there will be a significant reduction” in trading profits “due to reduced business activity, capacity, demand or inability to trade due to coronavirus”.

Paul Kelly, Head of Employment at Blacks Solicitors, explained to “During the recent Budget, the Chancellor announced a fourth SEISS which can be claimed from late April until the end of May via the Government’s website.

“Self-employed people (including members of a partnership) can claim for this grant of 80 percent of three month’s average trading profits, capped at £7,500.

“Eligibility will initially be worked out with reference to a claimant’s 2019/20 self-assessment tax return.

“Claimants must have traded in the 2019/20 and 2020/21 tax years, be currently trading but affected by COVID-19 (or temporarily prevented from trading due to COVID-19) and confirm that they intend to continue to trade or that there will be a significant reduction in profits due to COVID-19.”

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