The SEISS claim facility was opened on Sunday 29th November 2020.
To make a claim for the third grant your business must have had a new or continuing impact from coronavirus between 1st November 2020 and 29th January 2021, which you reasonably believe will have a significant reduction in your profits.
The third taxable grant is worth 80% of your average monthly trading profits, paid out in a single instalment covering 3 months’ worth of profits, and capped at £7,500 in total.
Significant reduction
Before you make a claim, you must decide if the impact on your business will cause a significant reduction in your trading profits for the tax year you report them in.
How to claim
The online service for the third grant is available.
You must make your claim on or before 29 January 2021.
Future fourth grant
There will be a fourth grant covering February 2021 to April 2021. We will set out further details, including the level of the fourth grant in due course.
PAYadvice.UK 30/11/2020 updated 2/12/2020
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