HMRC have issued some further guidance on the Self Employed Income Support Scheme (SEISS) grants 4 and 5:
Self-Employment Income Support Scheme fourth grant – GOV.UK (www.gov.uk)
The key changes from Grants 1-3 are:
- Grant 4 and 5 will be available for anyone who has filed a 2019/20 tax return before 2 March 2021 – this means that those of you who did not meet the eligibility criteria for previous grants may now be able to claim
- Grant 4 will be available to claim from late April 2021 to 31 May 2021 and HMRC will contact you to give you a date when you can claim. Grant 4 will be based on your trading profits for 2019/20 – this means that for those of you have been able to claim grants 1-3 the amount you can claim may be higher or lower than your previous claims which were based on your 2018/19 tax return
- Grant 5 will be available to claim from late July 2021 and will based on how much your turnover has changed between 2019/20 and 2020/21