Published On: Tue, Jan 12th, 2021

SEISS 4th grant amount: What percentage of profits will self-employed grant 4 be worth? | Personal Finance | Finance


With regards to the “significant reduction” criteria, the Government guidance for SEISS states: “Before you make a claim, you must decide if the impact on your business will cause a significant reduction in your trading profits for the tax year you report them in.

“HMRC cannot make this decision for you because your individual and wider business circumstances will need to be considered when deciding whether the reduction is significant.

“You should wait until you have a reasonable belief that your trading profits are going to be significantly reduced, before you make your claim.”

Applications will soon close for the third SEISS grant, but Chancellor Rishi Sunak announced last year the SEISS scheme will also offer a fourth grant in 2021.

The fourth grant will cover February to April 2021, but the eligibility criteria has not yet been published.



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