It’s YOU The self-employed we are on about!
Did you file your 2019/20 tax returnΒ by MIDNIGHT on the 2nd March 2021
Yep? Then are you READY for numero ? And ?
The 2021 BudgetΒ outlined the plans for the 4th and 5th Self Employed Income Support Scheme (SEISS) grants… And these are how they will roll…..
SEISS Grant #4
For the three months to the 30th April 2021
80% of average trading profits
Capped at Β£2500 a month
Paid in one lump sum
Claim portal open from late April to 31st May 2021
WILL include profits from the 2019/20 tax return
SEISS Grant #5
For the three months to 31st July 2021
NEW!! TURNOVER TEST!!
Turnover fallen by AT LEAST 30%?
Yes? Grant will be 80% of average trading profits
Turnover fallen by LESS than 30%?
Yes? Grant will be based on 30% of average trading profits
Claim portal open from late July 2021
WILL include profits from the 2019/20 tax return
How you prove your turnover is yet to be explained Watch this space!!
For more information, try out Accountingweb article from last week, below:
Stay safe everyone