| UPDATED: 15:33, Thu, Mar 18, 2021
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For several months, many self-employed people were hopeful the Self-Employment Income Support Scheme (SEISS) eligibility criteria would change for SEISS grant four. Directors of companies and the newly self-employed are among many self-employed people who have not been eligible for any of the previous SEISS grants to date. After several months of wondering whether more people could benefit from SEISS this year, Rishi Sunak finally announced a number of changes for SEISS grant four in his Budget announcement this month. Read on to find out m
SEISS - which stands for Self-Employment Income Support Scheme - is a form of financial support self-employed workers may be eligible to claim. The eligibility rules have changed for the fourth and fifth grant.
SEISS has been extended to offer a fourth and fifth grant to eligible self-employed people. So how is the fourth self-employed grant calculated and when is SEISS paid?
THE Self-Employment Income Support Scheme (SEISS) was introduced to help self-employed people financially during the coronavirus pandemic. So will the eligibility criteria change for SEISS grant four?
| UPDATED: 18:54, Thu, Jan 14, 2021
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SEISS was designed by the government to provide assistance to individuals whose business has been affected by the ongoing COVID-19 crisis. Through a series of grants, four in total by the scheme’s scheduled finishing date, eligible people can expect to receive a proportion of their average trading income to provide them with the financial support they need. However, self-employed people are now being warned they must declare COVID-19 grants in future tax returns.