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The SEISS 3rd Grant Deadline Is Fast Approaching

The SEISS 3rd Grant Deadline Is Fast Approaching

April Foster

The deadline to claim the third Self Employment Income Support Scheme grant is Friday 29 January 2021. If you are eligible, you must make your claim on or before this date. 

As was the case with the previous two grants, the third grant is subject to income tax and self-employed National Insurance. The grant must also be reported on your 2020-21 Self Assessment tax returns which are to be submitted by 31 January 2022.

Who Can Claim?
To be eligible for the third 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:
  • 2018 to 2019 and submitted your Self Assessment tax return on or before 23 April 2020 for that year
  • 2019 to 2020
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
  • you reasonably believe there will be a significant reduction in your trading profits
To find out more or to make a claim click here.

HMRC will also be releasing details of the fourth grant on 3 March 2021. We will provide you with additional information as and when this information becomes available.  

For further advice on any of this information, please contact your usual Moore advisor.