Self-employed grant: What date will SEISS grant five open for applications? | Personal Finance | Finance
The Government guidance for SEISS states claimants can expect further information soon about how to work out how their turnover was affected.
But so far, it has been confirmed the fifth grant will be determined by how much a claimant’s turnover was reduced in the year April 2020 to April 2021.
Other eligibility criteria remains in place for the fifth grant too, such as the requirement to have traded in the 2019/2020 and 2020/2021 tax years.
Claimants must also have submitted their tax return for 2019/2020 on or before March 2, 2021.
Claimants must also be currently trading but are impacted by reduced demand, or have been trading but are temporarily unable to do so due to coronavirus.