5th SEISS grant: when can I apply for an HMRC self-employed grant, opening date for applications – and who can apply?


Information on how people will be able to apply for the grant was due to be released in late June, but has been delayed until July 2021.

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The 5th SEISS scholarship is the last self-employment scholarship to be made available during the Covid pandemic (Shutterstock)
The 5th SEISS scholarship is the last self-employment scholarship to be made available during the Covid pandemic (Shutterstock)

Here’s what you need to know about the grant, including what it is, who is eligible, and when applications will open.

What is the fifth SEISS scholarship?

Who is eligible for the grant?

Those who were eligible for the fourth grant should be eligible for the fifth payment.

To be eligible, you must be self-employed or a member of a partnership.

– Negotiated during the 2019-20 tax years, and submitted your tax return no later than March 2, 2021

– Negotiated in the 2020-21 tax years

– Currently negotiating, but impacted by reduced demand due to Covid

– Have traded but are temporarily unable to do so due to Covid.

The HMRC will review your 2019-2020 self-assessment tax return to determine if you are eligible for the final grant.

Your trading profits must not exceed £ 50,000 and at least equal to your non-trading income.

If you are not eligible based on your 2019-2020 tax return, HMRC will then look at other tax years, starting in 2016-2017.

Now, workers can submit their 2019-2020 and 2020-2021 self-assessment declarations, while before it was limited to people with tax returns for the year 2018-19.

If you cannot apply for the grant, you may be eligible for additional government financial assistance thanks to universal credit.

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How much can I claim?

The amount of the final grant will be determined based on the reduction in your turnover between April 2020 and April 2021.

The grant is taxable and worth either 30% or 80% of your average business profits for three months.

If your turnover has decreased by 30% or more, the grant will be 80% of the average three-month business profit and the total grant will be capped at £ 7,500.

Meanwhile, if your turnover has declined by less than 30%, the grant will be worth 30% of the average three-month trading profit and will be capped at £ 2,850.

How can I claim the grant?

Applications will be made in the same way as other grants and you should receive notification from HMRC by email, SMS, letter or through the SEISS online portal if you are eligible.

When applying for the fifth SEISS grant, you must declare that you intend to continue your activity.

You should also state that you reasonably expect a significant reduction in your trading profits due to reduced trading activity or an inability to trade due to the pandemic between May and September 2021.

It is also helpful to keep evidence showing how your business has been affected by the pandemic.

Official guidelines state that you need the following make a claim :

– Your Self-Assessment Unique Taxpayer Reference (UTR)

– Your national insurance number

– Your Government Gateway username and password

– Your UK bank details including account number, sort code, account name and account linked address. You only need to provide bank details that can accept Bacs payments.

When can I apply for the fifth SEISS scholarship?

The exact date on which people will be eligible for the fifth self-employed workers’ scholarship has not yet been set.

However, the claim window for the latest grant is expected to open in late July.

The government’s website says HMRC will contact people from mid-July with their personal claim dates to apply for the grant if it has found them eligible based on their tax returns.

Some people have already been contacted, but if you haven’t heard anything yet, you should soon.

Application dates are staggered as they were with previous grants, so you must wait until a date is given to you to apply.

After you apply, it may take up to six business days for your grant to be paid into your bank account.

But you must wait 10 working days before contacting HMRC if you have not received your payment.

What is the deadline for the grant?

If you plan to apply, you will need to do so by September 30, 2021 to ensure you get the grant.

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