SEISS Grant 4
HMRC opened their portal for the self employed to claim their fourth grant at the end of the April 2021. Some sole traders who were ineligible for the previous three grant payments can now make a claim if they started their self-employment after 6 April 2019. There is still no relief of course for people who operate through limited companies.
If you have not yet claimed, this is a reminder that you must apply by the 01 June 2021.
HMRC Guidance states to be eligible for the fourth grant you must be a self-employed individual or a member of a partnership. You cannot claim the grant if you trade through a limited company or a trust.
You must have traded in both tax years:
- 2019 to 2020 and submitted your tax return on or before 2 March 2021
- 2020 to 2021
You must either:
- be currently trading but are impacted by reduced demand due to coronavirus
- have been trading but are temporarily unable to do so due to coronavirus
You must also declare that you:
- intend to continue to trade
- reasonably believe there will be a significant reduction in your trading profits
If you require any assistance with a grant application then please do not hesitate to contact us.
