Those with a turnover reduction of less than 30% will receive a grant based on 30% of three months average trading profits, capped at £2,850.
Claims must be made by 30 September 2021. It is the taxpayer who must make the claim, an accountant or agent cannot submit the claim on their behalf.
Before making a claim taxpayers must:
HMRC advises taxpayers will need to have both figures ready when they make their claim.
Claiming the fifth SEISS grant is not straightforward so please contact us for advice on determining your turnover figures or eligibility.
Internet link: GOV.UK SEISS5
This information is subject to change and is not professional advice. Refer to our disclaimer for more details.