Eligible self-employed workers will be able to make a claim for a third grant of the Self-Employment Income Support Scheme (SEISS) from today (30 November 2020).
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 have been 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. Although we cannot make a claim on your behalf, we can work through your figures and make an accurate estimate of how much you can expect to receive. You can find out more information about the grant on the gov.uk website.
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