Stewart Associates (Shrewsbury) Ltd
Emstrey House (North), Shrewsbury Business Park, Shrewsbury, Shropshire, SY2 6LG.

Telephone: 01743 235236   Email: enquiry@saltd.co.uk

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26 November 2020

COVID Grants and the Self-employed Scheme (SEISS)

SEISS: Self-employed Income Support Scheme (not appropriate for people working through limited companies)

Third grant. The grant is payable for the three month period beginning on 1 November 2020. It is equal to 80% of average trading profits (for the relevant years 2018/19 and earlier), capped at £7,500. Claims can be made through the existing SEISS website from 30 November 2020 to 29 January 2021. The eligibility conditions are the same as previously and profits must have been adversely affected by coronavirus in the period from 1 November 2020 to 29 January 2021. Note that reduction in profits due to increased costs, such as having to buy masks, does not count for the purposes of the grant.

Additionally, claimants must confirm that they are:
- trading but at a reduced capacity or demand, or have been previously trading but are temporarily unable to because of coronavirus
- intend to continue to trade and believe that the impact on their business will cause a significant reduction in their trading profits

Claimants must keep evidence to show the impact and reduction in their business activity over the qualifying period. Fourth grant. There will be a fourth SEISS grant covering the three-month period from February 2021 to April 2021. HMRC will announce details nearer the time.

Grants

For anyone who does not qualify for the Grants available to rate paying businesses (the LSRG grant, Local Restriction Support Grant) here is a link to the claim for a Discretionary Grant (Discretionary Additional Restrictions Grant) for Shropshire businesses (there will be an equivalent for your local area Council):

https://shropshire.gov.uk/covid19darg

As a reminder the original link to the LSRG or Shropshire is:

https://shropshire.gov.uk/covid-19-grants

 

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    01743 235236




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