Claim portal for third SEISS grants open until 29 January 2021

09 January 2021

Those intending to make a claim in relation to the third Self-Employment Income Support Scheme (SEISS) grant have until midnight on 29 January 2021 to do so. Claims can be made via the GOV.UK website.

Those people whose business has seen reduced demand or has been temporarily unable to trade as a result of coronavirus since 1 November 2020 will be eligible for the third grant but must also confirm that they reasonably believe that any reduced demand or inability to trade from 1 November 2020 – 29 January 2021 will lead to a substantial reduction in trading profits, in comparison to what they otherwise would have expected to have achieved. Guidance on eligibility is available on GOV.UK.

Anyone planning to complete a claim for the third SEISS grant is advised to do this themselves, as if somebody else submits the claim on their behalf, there could be delays to payments due to a fraud alert that is likely to be triggered in the system. Where a claimant is uncertain about any element of the SEISS, they are encouraged to seek advice from tax advisors but must not allow them to actually complete the claim.

There is no requirement to consider any other coronavirus scheme support payments that an individual may have received upon deciding whether they reasonably believe that they will see a significant decrease to trading profits. This reduction needs to be related to less activity, capacity, demand or a complete inability to trade as a result of coronavirus during 1 November 2020 to 29 January 2021.

As part of the SEISS online claim process, prompts will appear to help with recovering lost Unique Taxpayer References (UTRs), National Insurance Numbers (NINOs) and Government Gateway credentials. The details should be available online, with no requirement to call HMRC.

In line with the previous two grants, the third SEISS grant will be subject to Income Tax and self-employed National Insurance (NI). However, no SEISS grants should be recorded in the 2019-20 Self-Assessment tax return and should instead be reported on 2020-21 tax returns.

 


The information in this article is accurate at the time of publication. For all the latest information, news and resources on how the COVID-19 pandemic is affecting payroll professions, visit our Coronavirus hub.