HMRC is making SEISS (Self-Employment Income Support Scheme) auto-corrections to 2020/21 tax returns where it believes the total of declared SEISS grants received does not match their records.
HMRC has published guidance on how to work out turnover if you are eligible for the fifth SEISS grant. If you are eligible HMRC will contact you in mid July, with online claims service available from late July. Claims must be made by 30 September.
A summary of the headlines from Budget 2021.
The government has announced that the online service for the third SEISS grant is now available. Claims can be made from the date given by HMRC in an email or letter or from within the online service but must be made by 29 January 2021.
Chancellor announces an extension in the CJRS (furlough scheme) to the end of March 2021 and increases the self employment Income Support Scheme level of support grant from 55% to 80% of average monthly trading profits.
Level of income support available to the self-employed through the third SEISS (Self Employment Income Support Scheme) grant increased to 55% and claim date brought forward to 30 November.