Self-Employment Income Support Scheme grant extension

The Government also announced a fifth and final SEISS grant covering the period from May 2021 to September 2021.

The value of the fifth grant will be determined by a new turnover test.

Individuals whose turnover has fallen by 30% or more will continue to receive the full grant worth 80% of three months’ average trading profits, capped at £7,500.

Individuals whose turnover has fallen by less than 30%, capped at £2,850.

It is expected that the final grant can be claimed from late July 2021.

Please contact LR Accounting team on 0345 314 5737.