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?
SEISS grant four support has been confirmed by the Chancellor of the Exchequer Rishi Sunak, and self-employed people will therefore wish to know the key details to make a claim.
Trending Second, once we are on the way to recovery, we will need to begin fixing the public finances - and I want to be honest today about our plans to do that. And, third, in today s Budget we begin the work of building our future economy.
IPSE (the Association of Independent Professionals and the Self-Employed) has said it is “delighted” by the news, calling it a tremendous relief for freelancers in this group.
IPSE also welcomed the announcement of a fifth round of SEISS.
Derek Cribb, CEO of IPSE (the Association of Independent Professionals and the Self-Employed), said: “After almost a year, this support will be a tremendous relief to hundreds of thousands of self-employed people who could not access SEISS because they had not yet filed a full tax return.
If there is a fifth SEISS grant announced by the Chancellor, it will be for May onwards.
A fifth grant has not yet been announced by Mr Sunak - but the furlough scheme has been extended to September, meaning there would be support offered to freelancers as well.
The amount of support offered by the Treasury is likely to be reduced from May when restrictions are expected to ease.
This means any fifth grant could be the final one given to freelancers across the UK.
SEISS grant 5: Will the fifth grant be decreased? How much can I get? (Image: DOWNING STREET)
| UPDATED: 08:04, Sat, Feb 27, 2021
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Rishi Sunak will face intense scrutiny in the coming days as the next Budget is laid out. The Chancellor is expected by many to extend coronavirus themed support measures such as the furlough scheme and SEISS, with some calling for the fourth grants to address certain blind spots .