Fourth self-employed grant now open for online applications
- stephaniegreen0
- May 7, 2021
- 1 min read
On 21 April, the online service for applications for the fourth Self-employment Income Support Scheme (SEISS) grant was opened for claims, HMRC confirmed.
All applications must be submitted by the individual self-employed worker and cannot be handled by accountants or tax advisers.
The fourth grant will be 80% of three months' average trading profits, to be claimed from late April 2021.
Payment will be in a single instalment capped at £7,500 in total and will cover the period 1 February to 30 April 2021. The scheme has been extended to those who filed a 2019/20 self-assessment tax return prior to 3 March 2021.
Claimants must have been impacted by reduced activity, capacity and demand, or have been trading previously and are temporarily unable to do so. All claims must be made on or before 1 June 2021.
There is no requirement for an earlier SEISS grant to have been claimed to be able to claim the fourth grant.
The fifth SEISS grant will cover the period from 1 May to 30 September 2021 and will be available from July.
It will be set at 80% of three months' average trading profits, paid out in a single instalment, capped at £7,500, for those with a turnover reduction of 30% or more.
Alternately, it will be worth 30% of three months' average trading profits, capped at £2,850 for those with a turnover reduction of less than 30%.
Further details of the fifth grant will be provided in due course.
For more information visit: GOV.UK
The opening of the fourth self-employed grant for online applications is a crucial opportunity for many freelancers and small business owners to secure financial support. This grant can provide much-needed relief during challenging times, helping self-employed individuals stabilize and grow their businesses. For professionals like embroidery digitizer, this funding can be particularly valuable, enabling investment in better equipment, software, or marketing efforts to expand their client base. Applying online makes the process more accessible and efficient, encouraging wider participation. Overall, this grant is a positive step towards empowering the self-employed community, including skilled trades such as embroidery digitizing.
Succeed! It could be one of the most useful blogs we have ever come across on the subject. Excellent info! I’m also an expert in this topic so I can understand your effort very well. Thanks for the huge help.
Regards,
buy law assignment online