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Self-Employed Income Support SEISS claiming the 5th final grant May to September 2021

Posted on 23rd July 2021 by David Rudd

This e-mail is relevant to self-employed taxpayers.

Please read the following notes that provide advance warning on tax office communications you may be receiving shortly regarding the final 5th SEISS claim for June-September 2021.

Your personal claim date

You should receive an email, SMS or letter from HMRC shortly advising you of your “Personal Claim Date”. This is the date from which you can make your claim for the 5th and final SEISS grant. Do not claim before this date as it will not be processed.

Preparing turnover figures

As part of the claims process HMRC will need additional turnover figures as part of the 5th grant application. They will need turnover for two years:

The “pandemic year” – a 12-month period from 1 to 6 April 2020
The “reference year” – 2019-20 or 2018-19.

We can help you calculate these numbers. The 5th grant will be paid at two rates depending on whether your turnover has fallen by more or less than 30%.

Taxpayers who were newly self-employed in 2019-20

If you fall into this category, HMRC may send you a letter asking for proof of identity and trade information via Dropbox. As part of the process HMRC will also call you. You will not be able to make a claim unless you respond to these requests.

If online process is not available

A small number of taxpayers will receive a letter from HMRC asking them to call if they want to make a claim. The online service will not be available if you receive this letter. To claim, you will need to call the number on the letter.

Beware scams…

Fraudsters will no doubt attempt to piggy-back on these processes to obtain personal information or your bank details. If you are at all unsure if a letter, email or SMS is genuine, please call so we can advise or call HMRC by using a contact number on the GOV.UK website (https://www.gov.uk).

There is also a list of genuine HMRC contacts made at https://www.gov.uk/guidance/check-a-list-of-genuine-hmrc-contacts

Source material: https://www.gov.uk/guidance/claim-a-grant-through-the-coronavirus-covid-19-self-employment-income-support-scheme

How we can help

Remember, you can only claim the grant if you have been adversely affected by the pandemic, and grants received under the scheme are taxable and must be considered in working out your profits. If you are unsure how to proceed please call us.

Although we cannot directly make claims for clients, we can help if you are unsure if you should make a claim or you are having difficulty completing the online application process.

The Steven Burton & Co team are here to help you. If you need a sounding board, some advice or a steer in the right direction, then please don’t hesitate to get in touch.

This material has been prepared for informational guidance purposes only. Whilst every effort has been made to ensure the contents are accurate, information contained may not be comprehensive. Furthermore it is not intended to provide, and should not be relied on for, tax or accounting advice. Steven Burton & Co Limited can not accept any liability for any errors or omission or for any person acting on or refraining from acting on the information provided.

Author

David Rudd

David Rudd

David is an Accountant with over 15 years’ experience in helping a large number of different business owners in numerous sectors from consulting agencies to every area of construction you can think of.

At home dealing with numerous different types of accounting software from Xero to QBO and everything in between. David is always on the lookout for new technology to help business owners to create more time for themselves and their teams.

With a healthy ambition of never resting on the results of yesterday, David is at his best when working with ambitious business owners who want to improve their businesses for eventual sale.

In his spare time, David is often found cheering on his two boys at football, building Lego (which he pretends is for his boys) or watching the latest TV series on Netflix.

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