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How to claim the 4th SEISS grant

The Chancellor unveiled more details about the fourth self employed grant during the budget on 3 March.

Key Points

  • The Chancellor announced further details of the next steps in the self-employment support scheme (SEISS) in the Budget;

  • A fourth SEISS grant will be available to claim through the Government's website from April and will cover the period February - April 2021;

  • Workers who meet the criteria can claim 80% of average monthly profits capped at £2,500.

The Chancellor, Rishi Sunak, announced further details of the next steps in the self-employed income support scheme (SEISS) in his Budget on 3 March 2021.

The grant allows self-employed people whose business and income has been affected by the pandemic to claim money from the Government.

There have been three payments already, however Mr Sunak unveiled more information about the fourth during his announcement - but how do you apply and who is eligible?

How can an eligible claimant apply?

A fourth SEISS grant will be available to claim through the Government's website from April and will cover the period February - April 2021.

Workers who meet the criteria will be able to claim 80% of average monthly profits capped at £2,500 per month.

The Chancellor also confirmed that there will be a firth payment, which will open to claims from late July and cover the period from May until July 2021.

Mr Sunak indicated that the support would be scaled back slightly for this instalment, with the full 80% grant given to people whose turnover has fallen by 30% or more.

He told MPs: "People whose turnover has fallen by less than 30% will therefore have less need of taxpayer support, and will receive a 30% grant."

To apply, you will need your: -

  • Self Assessment Unique Taxpayer Reference ("UTR");

  • National Insurance number;

  • Government Gateway user ID and password;

  • UK bank details including account number, sort code, name and address linked to the account;

  • Only provide bank account details where a BACS payment can be accepted.

You may also need to answer questions about your passport, driving licence or information held on your credit file in order to pass random fraud checks.

You must make the claim yourself. Tax agents and advisers are unable to claim on your behalf.

Who can claim?

You must be a self-employed individual or a member of a partnership. You cannot claim the grant if you trade through a limited company or a trust.

Those who made a claim for the third grant must have seen their business have anew or continuing impact from coronavirus between 1 November 2020 and 29 January 2021, which they must have reasonably believed would cause a significant reduction to your profits.

You also had to declare that you would continue to trade, or that you were previously trading but are no longer able due to the pandemic.

To be eligible for the previous three grants, self-employed workers had to have traded in both 2018 to 2019 and 2019 to 2020.

For the fourth grant, there will now be an extra 600,000 newly self-employed people who may be eligible to claim Government support, Mr Sunak confirmed.

The Chancellor said: "When the scheme was launched, the newly self-employed couldn't qualify because they hadn't all filed a 2019/20 tax return."

"But as the tax return deadline has now passed, I can announce today that, provided they filed a tax return by midnight last night, over 600,000 more people, many of whom only became self-employed las year, can now claim the fourth and fifth grants,", he said during his Budget speech on 3 March 2021.

This is because the Government is now allowing workers to submit their 2019-2020 and 2020-2021 self-assessment tax returns as evidence of earnings.

Applicants must also be able to prove that they plan to continue trading, or providing a service, beyond the support which for the fourth grant is 30 April 2021.

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