Deadline reminder for the 5th self employed grant. 30th September 2021

The fifth Self-Employment Income Support Scheme (SEISS) grant is different from the previous SEISS grants. If you think you may claim the fifth grant, this will tell you what you need to do now, to get ready to make your claim from late July 2021.

If HMRC think you’re eligible, they will contact you from mid-July to give you a personal claim date. Eligible customers can apply anytime from their personal claim date until 30‌‌ September‌‌ 2021. The online claims service will open from late July.

What you should prepare now

The amount of the fifth grant will be determined by how much your turnover has been reduced in the year 2020-21 compared to before the pandemic.

Turnover includes the takings, fees, sales or money earned or received by your business.

If you choose to make a claim, you will need your turnover figures for:

  • a pre-covid year, that represents normal trading. This should be 2019-20 or 2018-19
  • your 2020-21 trading year.

Self-Employment Income Support Scheme Update

The online service for claiming under the latest phase of the Self-Employment Income Support Scheme (SEISS) will open in the next few days. Here are the latest updates on the scheme and details of when HMRC will be contacting you.


Customers receiving their personal claim dates
HMRC have begun contacting eligible customers to give them a personal claim date, from which they can make their SEISS claim. HMRC will have contacted you either by email, letter or through the online service, depending on what contact details they hold.
You can make their claim from this personal claim date in late April, until the claims service closes at 11:59pm on 1 June 2021.


If you have not been contacted by HMRC
If you believe you are eligible for the scheme but are yet to hear from HMRC, their advice is to wait until the end of the month before contacting HMRC. They are inviting customers to claim on different days to ensure the system is fast and easy to use, so they can support millions of people quickly and easily.


Contacting ineligible customers
HMRC have also contacted self-employed people who have previously claimed SEISS support but are no longer eligible. There are several reasons for ineligibility, for example:
• not filing your 2019-20 Self Assessment return on or before 2 March 2021
• if the information on your 2019-20 Self Assessment return means you no longer meet the eligibility criteria,
• if you’ve permanently ceased trading.

VAT deferral – apply now to spread your payments.

The VAT deferral new payment scheme is open for all businesses who deferred paying VAT due between 20 March and 30 June 2020 and have been unable to pay in full by 31 March 2021.

You can apply now to spread these payments over several months –The sooner your business joins, the more instalments are available to you.

You can join the scheme quickly and simply online without needing to call HMRC. To find out more information, including the things you need to prepare before joining online, go to GOV.UK.

You need to apply by 21 June 2021 at the latest if they want to join the scheme online.

Self employed 4th grant available

If you have received any of the previous Self Employed Income Support Scheme grants (SEISS) you should receive an email from HMRC soon regarding your application for the 4th grant.

To apply, you’ll need to reasonably believe there is a significant reduction in your trading profits due to coronavirus between February 2021 and April 2021, and that you intend to continue to trade.

If you claim, you must also keep appropriate records as evidence of the impact on your business.

You do not need to have claimed SEISS before to apply for this round of grants, just visit GOV.UK for more information regarding the mehods for applying.

Minimum wage increase from April 2021

If you have employees you need to be aware of the increases across all ages of the minimum wage.

Rate from April 2020Rate from April 2021Increase
National Living Wage£8.72£8.912.2%
21-22 Year Old Rate£8.20£8.362.0%
18-20 Year Old Rate£6.45£6.561.7%
16-17 Year Old Rate£4.55£4.621.5%
Apprentice Rate£4.15£4.303.6%
Accommodation Offset£8.20£8.362.0%

New Self-employment grants announced.

The UK Government has today announced that the Self-Employment Income Support Scheme (SEISS) will continue until September with a fourth and fifth grant.

The fourth and fifth grants will take into account 2019 to 2020 tax returns and will also be open to you if you became self-employed in the 2019 to 2020 tax year. This means that you may be able to claim, even if you were not eligible for previous grants.

To qualify, you must have filed your 2019-20 Self Assessment tax return by 2 March 2021, at the latest.

Can’t pay your tax?

HMRC has announced they will not be charging the regular initial 5% late payment penalty if you make payment by 1st April 2021, however its not all good news; The regular payment deadline of the 31st of January hasn’t actually changed, and you will be charged interest after this date.

If you are having problems paying your self-assessment tax, and need more time to pay, you qualify for a “Time to Pay” arrangement with HMRC, you can even set this up online here. You can also call HMRC directly on 0300 200 3822 for more information.

So what is a Time to Pay arrangement? In a nutshell it allows you to spread your payments to HMRC in regular monthly instalments, up until January 2022.

If you still have not filed your Self-assessment tax return for 2019-2020, you need to do this before the 28th February to avoid penalties.

Self Assessment Tax Return Online and Limited Company Accounting Services

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