The fourth Self-Employment Income Support Scheme (SEISS) grant is due to open for claims from late April.
HMRC has confirmed it will be contacting those self-employed workers who are eligible for the fourth grant, by either email, letter or within the online service.
Eligibility will be based on the individuals tax returns. There are no requirements that an earlier SEISS grant must have been claimed in order to be eligible for the fourth grant.
The fourth grant will be set at 80% of three months’ average trading profits, from 1 February 2021 to 30 April 2021 and will be capped at £7,500.
To make a claim, individuals will need the following:
- Self-Assessment Unique Taxpayer Reference (UTR)
- National Insurance Number
- User ID and password for the Government Gateway
- UK bank details including, name on the account, address linked to the account, account number and sort code
All claims for the fourth SEISS grant must be made on or before 1 June 2021.
HMRC will be checking claims and where appropriate, will take action to withhold or recover inaccurate payments.
There will be a fifth and final SEISS grant worth 80% of three months’ average trading profits, capped at £7,500, for those workers with a turnover reduction of 30% or more. Those workers with a turnover reduction of less than 30%, will receive 30% of three months’ average trading profits, capped at £2,850.