This is a reminder to submit Coronavirus SEISS claims.
Third SEISS grant deadline
The third grant of the Self-Employment Income Support Scheme (SEISS) closes for claims on Friday 29 January. Eligible customers must claim on or before this date.
SEISS
You can find everything you need to know about the third SEISS grant on GOV.UK by searching ‘Self-Employment Income Support’, but here are some answers to the most frequently asked questions, to help support you.
Are you eligible for the third SEISS grant?
You can find all you need to know about SEISS, including the eligibility criteria for the third grant, on GOV.UK by searching ‘Self-Employment Income Support Scheme’.
I’ve lost my Unique Taxpayer Reference (UTR)/National Insurance Number (NINO)/Government Gateway user ID and/or password, what should I do?
During the SEISS online claim process, there are prompts for recovering lost UTR, NINO and Government Gateway credentials. You should be able to get these details online without having to call HMRC.
What if my business recovers after I’ve claimed the third grant?
If your business recovers after you’ve claimed, your eligibility will not be affected as this is based on your reasonable belief that your trading profits would have been significantly impacted when you made your claim. Anyone who receives a grant must keep evidence in support of their claim, and I recommend you do so.
Do I need to declare the grant on my 2019-20 Self Assessment tax return?
Similar to the first and second SEISS grants, the third SEISS grant will also be subject to Income Tax and self-employed National Insurance. Alongside the first and second grants, the third grant should be reported on your 2020-21 Self Assessment tax returns (filing deadline 31 January 2022).
How can I find out more about the fourth SEISS grant?
HMRC will contact you when details of the fourth SEISS grant are confirmed.
Where can I get further support?
There’s a list of CJRS monthly claims deadlines and a helpful step-by-step guide on GOV.UK, summarising the latest information on CJRS and the steps you need to take to make a claim – you can find these by searching ‘Job Retention Scheme step-by-step guide’.
Help and support with Coronavirus Support schemes
If you need help to submit Coronavirus SEISS claims or any aspect of your Payroll contact me now.