Part A8 Coronavirus (COVID-19)
Contents of Part A8
A8.1 Coronavirus (COVID-19) and businesses
A8.2 Coronavirus (COVID-19) and employment
A8.3 Coronavirus (COVID-19) and other tax issues
Division A8.1 Coronavirus (COVID-19) and business
For updates affecting this Division please see Part A0 Updates
Coronavirus (COVID-19) and self-employment
A8.101 Self-employment income support scheme (SEISS)
For the latest New Development, see ND.2138.
During the coronavirus (COVID-19) pandemic, self-employed individuals and members of partnerships were able to claim taxable grants under the self-employed income scheme (SEISS). There have been five grants in total with the fifth SEISS closing on 30 September 2021. The fourth and fifth grants take into account 2019/20 tax returns, so those who became self-employed in 2019/20, who were excluded from the previous grants as they were based on average trading profits for 2016/17, 2017/18 and 2018/19, were eligible to claim these grants. The level of the fifth SEISS grant was determined by a turnover test, see more details below under 'Amount of the fifth grant'.
In summary, the grants were as follows:
-
• first grant for an initial period of three months, subject to a maximum amount of £7,500 in total, closed on 13 July 2020
-
• second grant, which could be claimed from 17 August 2020, for a maximum of £6,570, and which closed on 19 October 2020
-
• third grant, which covered November 2020 to January 2021, it was capped at £7,500 and closed on 29 January 2021
-
• fourth grant, which covered February 2021 to April 2021, which was capped at £7,500
To continue reading
View the latest version of this document, as well as thousands of others like it, sign in to TolleyLibrary or register for a free trial