SEISS grant 4: When is the next grant for self employed? Martin Lewis issues warning

Martin Lewis grills Rishi Sunak over SEISS timetable

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The SEISS scheme has helped millions of people – 3.4million self-employed individuals, to be precise. There is a fourth SEISS grant on the way, as confirmed by Chancellor Rishi Sunak in the March budget, as well as a fifth and final one. The next round of support covers the period February through to April, while the fifth covers lost earnings from May onwards. The fifth grant will change slightly in that payments will be calculated based on turnover loss. For those whose turnover has been reduced by less than 30 percent, the fifth grant will be worth 30 percent of lost earning to a cap of £2,850. If turnover has been reduced by 30 percent or more, the 80 percent grant amount will be paid out as normal.

When is the next Government grant for the self employed?

The next Government grant covers the period February through to April 2021.

Details about the scheme have been scarce for months now as HMRC and the Chancellor have failed to provide specifics on this round of payment.

As is understood, applications will open in mid to late April to claimants, for payments expected in June or July.

A statement from HMRC said: “The online service to claim the fourth grant will be available from late April 2021.

“If you’re eligible based on your tax returns, HMRC will contact you in mid-April to give you a date that you can make your claim from.

“It will be given to you either by email, letter or within the online service.”

HMRC added that self-employed claimants will have to confirm they meet the eligibility criteria when making their claim, which has to be made by the deadline of June 1.

Following a successful claim, the payment should be made into the designated bank account within six working days of acceptance.

However, Money Saving Expert Martin Lewis has issued a warning over the fourth round of SEISS.

Mr Lewis is urging applicants to be wary of the dates for the scheme.

While the official Government website tells workers they can apply for SEISS, it also says the website won’t be fully updated until April 19, so Mr Lewis advises claimants to take the information “with a pinch of salt”.

The Money Saving Expert tweeted: “Many are logging in to find [they] are getting their SEISS 4 grant date.

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“However, a note, officially HMRC that link isn’t live for SEISS 4 until next Mon [April 19] as it doesn’t have full data in so I’d treat with a tiny pinch of salt.”

Mr Lewis later added if the website has provided you with an earliest date for application, then this is correct.

He explained: “If you use this link and it gives you your earliest application date – that IS your earliest application date.

“However, if you don’t get a date, that could be because it’s not officially live until next Monday, so not all the data is in.”

HMRC is staggering the days for when people can claim the fourth grant, so it will be different for everyone.

The warning from Mr Lewis only applies to those trying to find their application date online before being contacted by HMRC.

To be eligible for the fourth grant you must have:

  • Filed a 2019/2020 tax return
  • Traded in both the 2019/2020 and 2020/2021 tax years
  • Can prove your business has been impacted by coronavirus

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