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 Post subject: Next SEISS grants
PostPosted: Wed Mar 03, 2021 4:24 pm 
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4th (80%) opens for claims april 1st (same as 1st grant)

Quote:
2. What the fourth grant covers
The fourth grant will provide a taxable grant calculated at 80% of 3 months’ average trading profits. The fourth grant will be paid out in a single instalment and capped at £7,500 in total.



5th ... two stage grants depending on loss of trade

Quote:
4. Further support
The UK government has also announced that there will be a fifth and final grant covering May to September.

You will be able to claim from late July if you are eligible for the fifth grant.

The amount of the fifth grant will be determined by how much your turnover has been reduced in the year April 2020 to April 2021.

The fifth grant will be worth:

80% of 3 months’ average trading profits, capped at £7,500, for those with a turnover reduction of 30% or more
30% of 3 months’ average trading profits, capped at £2,850, for those with a turnover reduction of less than 30%

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 Post subject: Re: Next SEISS grants
PostPosted: Wed Mar 03, 2021 4:38 pm 
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I've posted a fair bit of information in the news section :-o

Where did you get the 1st April date from for the fourth grant?

The official Treasury blurb I posted says late-April, so around two months late compared to the last grant :x


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 Post subject: Re: Next SEISS grants
PostPosted: Wed Mar 03, 2021 5:50 pm 
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StuartW wrote:
I've posted a fair bit of information in the news section :-o

Where did you get the 1st April date from for the fourth grant?

The official Treasury blurb I posted says late-April, so around two months late compared to the last grant :x


Thats what I read but then The Sun says....

Quote:
When does the fourth grant come into effect?
In today's budget, the Chancellor announced that the fourth grant will be worth £7,500 and that applications will be open from late-April.

The system for the fifth grant will be open from July.

Sunak also revealed that the thousands of people who became self-employed in 2019-20, will now be able to claim direct cash grants under the Self-Employment Income Support Scheme.

Anyone who filled in a tax return by midnight last night will be able to get the extra help available in both the fourth and fifth grants.

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 Post subject: Re: Next SEISS grants
PostPosted: Wed Mar 03, 2021 6:29 pm 
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Quote:
Thats what I read but then The Sun says....


are you really that naïve :shock:

the sun is about as reliable as an Austin princess if they don't know they make it up and sometimes even when they do know

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 Post subject: Re: Next SEISS grants
PostPosted: Wed Mar 03, 2021 6:35 pm 
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edders23 wrote:
Quote:
Thats what I read but then The Sun says....


are you really that naïve :shock:

the sun is about as reliable as an Austin princess if they don't know they make it up and sometimes even when they do know


3. How to claim
To allow us to process recently submitted 2019 to 2020 Self Assessment tax returns, the online claims service for the fourth grant will be available from late April 2021 until 31 May 2021.

If you are eligible, HMRC will contact you in mid-April to give you your personal claim date. This will be the date that you can make your claim from.

There will be more guidance about the fourth grant in due course.

4. Further support
The UK government has also announced that there will be a fifth and final grant covering May to September.

You will be able to claim from late July if you are eligible for the fifth grant.

The amount of the fifth grant will be determined by how much your turnover has been reduced in the year April 2020 to April 2021.

The fifth grant will be worth:

80% of 3 months’ average trading profits, capped at £7,500, for those with a turnover reduction of 30% or more
30% of 3 months’ average trading profits, capped at £2,850, for those with a turnover reduction of less than 30%
Further details will be provided on the fifth grant in due course.


https://www.gov.uk/government/publicati ... -extension

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 Post subject: Re: Next SEISS grants
PostPosted: Wed Mar 03, 2021 6:37 pm 
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Quote:
If you are eligible, HMRC will contact you in mid-April to give you your personal claim date. This will be the date that you can make your claim from.


Payments will therefore be in the next tax year (2021/2022)

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