On 4th May HMRC issued an update to its guidance on the Self-employment Income Support Scheme (SEISS) for the self-employed or members of partnerships adversely affected by coronavirus. This now includes:
- An eligibility checker
Clarification about the meaning of a business being adversely affected by coronavirus - Confirmation that trusts are not eligible
Separate guidance has been published on ‘How different circumstances affect the Self-Employment Income Support Scheme’ that addresses:
- A late return, one that is amended or under enquiry
- Partnerships
- Parental leave (being on or having taken)
- Loans covered by the loan charge
- Claimants of averaging relief
- Non-residents and those who chose the remittance basis
- Those above state aid limits
HMRC has also published a guide to working out trading profits and non-trading income if you are self-employed or a member of a partnership adversely affected by coronavirus. Click here to access this guide.
Applying to the SEISS
Starting on 4th May, HMRC is contacting those self-employed individuals it considers will be entitled to claim a grant through the SEISS.
The SEISS application portal will be open to taxpayers on a staged basis between 13th and 18th May. Taxpayers will be able to access the portal to make a claim on a day randomly allocated by HMRC.
For further information about claiming a grant through the Self-employment Income Support Scheme please click here.
The information provided in this blog is for general informational purposes only and should not be considered professional advice. As far as we are aware, the content is accurate at time of publication. Torgersens assumes no responsibility for errors or omissions in the content or for any actions taken based on the information provided.
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