04 Dec Self-employment Income Support Scheme (SEISS)
HMRC has issued guidance on the third SEISS grant and specifically how trading conditions affect eligibility.
To be able to claim for the third grant, you must either:
- be currently trading but are impacted by reduced demand due to coronavirus
- have been trading but are temporarily unable to do so due to coronavirus
You must also: –
- intend to continue to trade
- reasonably believe there will be a significant reduction in your trading profits due to reduced demand or your inability to trade
You must also meet all other eligibility criteria to make a claim.
HMRC states that it expects SEISS claimants to make an honest assessment about whether they reasonably believe their businesses will have a significant reduction in profits.
Please talk to us about making a SEISS claim, we can work through your figures and make an accurate estimate of what you should expect.
See here for more details.