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.
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