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Self Employed Income Support Scheme (SEISS) – Further Guidance

Client Support
Jamie Bligh
05/05/2020
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On 4 May 2020 the government have released further guidance in relation to the ‘Self Employed Income Support Scheme' (SEISS).

The online application process will be available from 13 May 2020 for those who are eligible to receive the grant. Whilst HM Revenue & Customs (HMRC) will be writing to those who are eligible to apply, they have also released an online eligibility checker which can be found at: https://www.tax.service.gov.uk/self-employment-support/enter-unique-taxpayer-reference . You will require your Self Assessment Unique Taxpayer Reference (UTR) and your National Insurance number in order to use this facility.

As set out in our previous guidance, self-employed individuals or members of a partnership will be eligible if the following criteria are met:

- Your trade has been adversely affected by coronavirus;
- You traded in the 2019/20 tax year, have continued trading in 2020/21 and have filed your 2018/19 tax return to HMRC prior to 23 April 2020;
- Your trading profits do not exceed £50,000 and at least half of your income has arisen from your trade for the years ended 5 April 2017, 2018 and 2019, if you were trading during these years;

HMRC have confirmed this application must be made by the individual claiming the grant, using their Government Gateway ID and cannot be made by any other individual on their behalf. To ensure that you are able to claim the grant as soon as possible we would advise everyone who is eligible to create a Government Gateway ID at the earliest opportunity. Details on how to do this can be found online at GOV.UK after completing the eligibility checker noted above.

HMRC will immediately confirm whether your claim has been approved once you have completed your application and payment will be made within 6 working days.

It is important to note that this claim will be treated as taxable income and will be required to be included in your tax return for the year ended 5 April 2021, and that the grant may affect your entitlement to Universal Credit and/or tax credits.

To find out how much you could be entitled to, you can also review our helpful guidance here , and should you require any assistance making this claim please contact your usual Rickard Luckin contact. Our dedicated tax team will be more than happy to help anyone attempting to apply for support using the Self Employed Income Support Scheme.

We will of course continue to bring you further updates and clarification as and when it becomes available, and will in the meantime be posting all updates to our new client support page which can be found by clicking here . Please therefore keep an eye out for additional information from us around this.

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